http://www.sec.gov/Archives/edgar/data/1166847/...000265/mainbody.htm
Natural gas and oil sales $ 410,524 (2011) $ 125,432 (2010)
Cash And Cash Equivalents at end of Period $ 537,653 (2011) $ 468,567 (2010)
Joe Murray Farm #1-18 started producing in August 2010, the total cost amounted to $44,571 was moved to the proven cost pool for depletion.
In August 2010, the first exploration well, Donner #1, started producing, the cost amounted to $304,479 was moved to the proven cost pool for depletion.
vii. California #1-1 - Lonestar Prospect, California, USA On September 1, 2010, the Company entered into an agreement for the joint exploration and development of the Lonestar Prospect located in California, USA. The Company has a 25% working interest in the initial Prospect Test Well, California 1-1.
In November 2010, Morrow 1-7 started producing, the cost amounted to $329,804 was moved to the proven cost pool for depletion. CURRENT LIABILITIES
The Company received $90,494 as of March 31, 2011 from Hillcrest Resources Ltd., as its share in the Texas project. The Company will expend these funds for ...
On January 19, 2011, the Company issued 300,000 common shares to the Officers of the Company as part of their compensation package. The price of the share as of January 19, 2011 was $0.14.
Lonestar Prospect, California, USA On September 1, 2010, the Company entered into an agreement for the joint exploration and development of the Lonestar Prospect located in California, USA. The Company is obligated to pay 25% of the costs in order to earn a 20% working interest in the initial well, named internally as California #1-1. As at September 30, 2010, the Company had expended $222,125 in drilling and completion costs for California #1-1. The Company is pleased to report that this well has been fully logged and tested and a 9,000 foot wholly owned pipeline installed. The well started production during November 2010, and the costs have been transferred to the proved costs pool for depletion. Revenue produced for this well for the three months ended March 31, 2011 was $185,792 (2010: $nil). usw usw usw............ ----------- wewewe.diesistkeineaufforderungzuirgendetwas.de
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