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STATEMENT OF CASH FLOWS (USD $) | 12 Months Ended
--- | ---
Oct. 31, 2012 | Oct. 31, 2011
Cash flows from (used in) operating activities |  |
Net (loss) for the year | $ (251,508) | $ (538,226)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Consulting -Debt Settlement | 0 | 9,376
Consulting - Stock based compensation | 11,336 | 179,789
Depreciation | 0 | 425
Depletion | 456,598 | 370,199
Foreign exchange gain / loss | 1,078 | 52,823
Accredited interest on loan payable | 0 | 6,334
Change in operating assets and liabilities: |  |
(Increase)/Decrease in accounts receivable | (60,056) | (156,001)
(Increase)/Decrease in prepaid expenses and deposit | 33,765 | 241
Increase/(Decrease) in accounts payable | (55,270) | 184,877
Net cash from (used in) operating activities | 135,943 | 109,837
Cash flows (used in) investing activities |  |
Oil and gas property acquisition and exploration costs | (274,132) | (1,002,630)
Net cash used in investing activities | (274,132) | (1,002,630)
Cash flows from financing activities |  |
Proceeds from loan payable | 100,000 | 329,903
Proceeds from private placement and convertible debt | 200,000 | 36,908
(Payment) of loan payable | (12,498) | 0
Proceeds from Stock Options and warrant | 0 | 494,194
Net cash from financing Activities | 287,502 | 861,005
Increase (Decrease) in cash and cash equivalents | 149,313 | (31,788)
Cash and cash equivalents, beginning of year | 31,201 | 62,989
Cash and cash equivalents, end of year | 180,514 | 31,201
Supplemental information of cash flows: |  |
Interest paid in cash | 0 | 0
Income taxes paid in cash | $ 0 | $ 0

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- Definition The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 19 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3255-108585 + Details
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- Definition The net cash inflow or outflow in aggregate debt due to repayments and proceeds from additional borrowings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 19 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3255-108585 + Details
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- Definition The cash inflow associated with the amount received from holders exercising their stock warrants. + References No definition available. + Details
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