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siehe mal http://yahoo.brand.edgar-online.com/...0001144204-06-034998&Type=HTML June 30, December 31, 2006 2005 ------------ ------------ ASSETS Current Assets: Cash $ 380,241 $ 132,935 Marketable securities 750,000 1,000,000 Accounts receivable - oil and gas sales 82,451 13,137 Other current assets 225,548 672 ------------ ------------ Total current assets 1,438,240 1,146,744 ------------ ------------
Property and Equipment: Oil and gas properties, using full cost accounting Subject to amortization 3,333,725 1,311,546 Not subject to amortization 357,784 623,860 ------------ ------------ Gross oil and gas properties 3,691,509 1,935,406 Accumulated depletion (225,204) (13,311) ------------ ------------ Net oil and gas properties 3,466,305 1,922,095 Office equipment, at cost, net of accumulated depreciation of 7,475 and 104, respectively 142,892 2,391 ------------ ------------ Property and equipment, net 3,609,197 1,924,486 ------------ ------------
Acquisition of Catlin 2,301,000 --
------------ ------------ TOTAL ASSETS $ 7,348,437 $ 3,071,230 ============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable and accrued expenses $ 1,071,860 $ 485,544 Notes payable 116,350 161,413 Notes payable - related party 150,696 -- Due to USPX 6,054 2,041 Due to Sundial 1,577 -- Due to royalty holders 11,659 -- Income taxes payable 3,647 2,219 Other current liabilities 2,921 -- ------------ ------------ Total current liabilities 1,364,764 651,217 ------------ ------------
35% minority interest in Canyon Creek Oil & Gas, Inc. subsidiary 623,625 609,691 25% minority interest in Texas Energy, Inc. subsidiary 138,393 -- 30% minority interest in West Oil & Gas, Inc. subsidiary 14,064 -- ------------ ------------ Minority Interest 776,082 609,691 ------------ ------------
STOCKHOLDERS' EQUITY
Common stock, 2,000,000,000 shares .001 par value authorized, 177,428,108 and 32,964,256 shares issued/"to be issued" and outstanding, respectively 177,428 32,964 Convertible preferred stock, 500,000,000 shares .001 par value authorized, 236,825 and 237,106 shares issued and outstanding, respectively 237 237 Class A convertible preferred stock, 100,000 shares 10.00 par value authorized, 100,000 and 100,000 shares issued and outstanding, respectively 1,000,000 1,000,000 Class B convertible preferred stock, 5,113 shares 1,000.00 par value authorized, 5,113 and 1,473 shares issued and outstanding, respectively 5,113,000 1,473,000 Additional paid-in capital 31,725,698 27,654,212 Accumulated deficit (32,808,772) (28,350,091) ------------ ------------ Total stockholders' equity 5,207,591 1,810,322 ------------ ------------ Total liabilities and stockholder's equity $ 7,348,437 $ 3,071,230 ============ ============
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