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STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended
--- | ---
Oct. 31, 2012 | Oct. 31, 2011
Revenue |  |
Natural gas and oil revenue | $ 1,357,762 | $ 1,133,766
Cost of revenue |  |
Natural gas and oil operating costs | 326,670 | 297,656
Depletion | 456,598 | 370,199
Total cost of revenue | 783,268 | 667,855
Gross profit (loss) | 574,494 | 465,911
Expenses |  |
Accounting and audit | 40,643 | 32,433
Insurance | 6,677 | 8,749
Advertising and promotions | 3,466 | 40,920
Bank charges and exchange loss | 8,965 | 55,052
Stock Based Compensation | 11,336 | 179,789
Consulting | 239,260 | 262,134
Depreciation | 0 | 425
Fees and Dues | 62,506 | 36,454
Interest expense from loan payable | 237,641 | 223,673
Investor relations | 29,616 | 29,153
Legal and professional | 125,855 | 58,015
Office and miscellaneous | 2,966 | 5,181
Rent | 15,434 | 14,620
Telephone | 4,135 | 3,047
Taxes | 14,042 | 5,977
Training | 0 | 268
Travel | 23,460 | 48,247
Total operating expenses | 826,002 | 1,004,137
Net (loss) for the year | $ (251,508) | $ (538,226)
Basic and diluted (loss) per share | $ (0.02) | $ (0.04)
Weighted average number of common shares outstanding - Basic and diluted | 16,431,452 | 13,451,758

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