v2.3.0.11

Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (613,683)	$ 1,531,652
Gain on disposal of subsidiary	67,178
(Gain) on derivative adjustment	(77,945)
Shares issued for compensation	64,000
Shares issued to consultants	240,001
Issuance of stock options	16,403
Increase (decrease) in assets
Prepaid expenses and other current assets	2,865
Note receivable	(3,739)
Lease rights	(30,745)
Increase (decrease) in liabilities
Accounts payable	137,536	71,986
Accounts payable - related	65,628
Cash overdraft	(93)
Accrued interest	46
Accrued interest - related parties	28,636
Accrued expenses	76,097
Net assets available for disposal		(1,688,977)
Net cash flows provided (used) by operating activities	(27,815)	(85,339)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of oil and natural gas properties	(500,000)
Net cash flows (used) by investing activities	(500,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Stock issuance		35,000
Notes payable - related parties	500,000
Notes payable	62,945	50,000
Net cash flows provided by financing activities	562,945	85,000
NET INCREASE (DECREASE) IN CASH	35,130	(339)
CASH, BEGINNING OF PERIOD		509
CASH, END OF PERIOD	35,130	170
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest

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