Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement Of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statement Of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2016
USD ($)
Cash Flows from Operating Activities  
Net loss $ (888,138)
Common stock issued for services 9,250
Changes in operating assets and liabilities:  
Prepaid expenses 165,833
Accounts payable and accrued liabilities 29,647
Accrued interest 28,801
Net cash used in operating activities (654,607)
Cash Flows from Investing Activities  
Payments for acquisition of oil and gas property (33,243)
Net cash from investing activities (33,243)
Cash Flows from Financing Activities  
Proceeds from notes payable 400,000
Net cash provided by financing activities 400,000
Net decrease in cash and cash equivalents (287,850)
Cash and Cash Equivalents, beginning of period 375,000
Cash and Cash Equivalents, end of period 87,150
Supplemental disclosures of cash flow information:  
Prepaid warrants issued for services 2,144
Stock issued for conversion of notes payable 1,000,000
Accrued interest forgiven by related party 28,801
Accounts payable settled with restricted cash $ 25,000