Segmented Information

12 Months Ended

Dec. 31, 2011

15. Segmented Information

The majority of the Company's oil and natural gas exploration activities is conducted in India and Israel. All of the oil and gas sales are generated from India and are sold within Indian markets. Management of the Company considers the operations of the Company as on a country-by-country basis. The following information relates to the Company's geographic areas of operation.

	December 31, 2011 $		December 31, 2010 $

Property and equipment, net
India		36,965,510		39,693,301
Israel		5,388,030		1,459,476
Colombia and Canada		226,565		222,903
		42,580,105		41,375,680

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details