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Statement of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net loss for the period $ (48,323) $ (157,350)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation & depletion 25,553 6,968
Debt forgiveness    
Interest on warrants    
Non-cash interest fees    
Stock-based compensation   16,000
Change in other assets and liabilities:    
Prepaids (2,750)  
Accounts receivable 16,188 (6,971)
Accounts payable and accrued drilling liabilities 39,749 39,708
Net cash provided by (used in) operating activities 30,417 (101,645)
FINANCING ACTIVITIES    
Obligation to issues shares    
Net loan proceeds    
Long-term drilling liability    
Purchase of Cheetah shares for cancellation    
Net cash from financing activities    
INVESTING ACTIVITIES    
Accounts receivable    
Proceeds from sale of Cheetah BC   62,500
Purchase of oil & gas properties (12,950)  
Net cash provided by (used in) investing activities (12,950) 62,500
Increase (decrease) in cash and cash equivalents 17,467 (39,145)
Cash and cash equivalents, beginning of period 14,262 164,006
Cash and cash equivalents, end of period 31,729 124,861
Non-cash investing and financing activities    
Common stock 1,935  
Accounts payable settled for shares (193,375)  
Additional paid in capital $ 191,440