| As previously | As | |||||||||||
| Consolidated Balance Sheet at August 31, 2012 | reported | Adjustments | restated | |||||||||
| Proved properties | 15,232,824 | (15,232,824 | ) | - | ||||||||
| Unproven properties | 6,465,622 | 15,641,759 | 22,107,381 | |||||||||
| Accumulated other comprehensive loss | (7,299 | ) | 4,340 | (2,959 | ) | |||||||
| Retained earnings (accumulated deficit) during exploration stage | (4,838,081 | ) | 404,595 | (4,433,486 | ) | |||||||
| Consolidated Statement of Operations for the year ended August 31, 2012 | ||||||||||||
| Gas sales, net | 251,290 | (251,290 | ) | - | ||||||||
| Lease operating expenses | (255,143) | 255,143 | - | |||||||||
| Depletion, depreciation and amortization | (400,744) | 400,744 | - | |||||||||
| Net income (loss) | (3,207,121) | 404,595 | (2,802,526) | |||||||||
| Consolidated Statement of Cash Flows for the year ended August 31, 2012 | ||||||||||||
| Net income (loss) | (3,207,121) | 404,595 | (2,802,526) | |||||||||
| Depletion, depreciation and amortization | 405,084 | (405,084 | ) | - | ||||||||
| Net cash used in operating activities | (922,624 | ) | 3,851 | (918,773 | ) | |||||||
| Expenditures on oil and gas properties | (11,200 | ) | (3,851 | ) | (15,051 | ) | ||||||
| Net cash used in investing activities | (300,495 | ) | (3,851 | ) | (304,346 | ) | ||||||
| Notes to the Consolidated Financial Statements at August 31, 2012, Note 4. Oil and Gas Properties | ||||||||||||
| Oil and Gas Acquisition - Kotaneelee Gas Project | ||||||||||||
| Intangibles | 6,780,000 | (6,780,000 | ) | - | ||||||||
| Leasehold costs | 581,379 | (581,379 | ) | - | ||||||||
| Unproved leasehold costs | 6,465,623 | 7,361,379 | 13,827,001 | |||||||||
| Capitalized Acquisition, Exploration and Development Costs | ||||||||||||
| KGP – proven properties | 15,637,906 | (15,637,906) | - | |||||||||
| KGP – unproven properties | 6,465,623 | 15,637,906 | 22,103,529 | |||||||||
| Expenditures on oil and gas properties | - | 3,852 | 3,851 | |||||||||
| Unproved oil and gas properties, August 31, 2012 | 6,465,623 | 15,641,758 | 22,107,381 | |||||||||
| Notes to the Consolidated Financial Statements at August 31, 2012, Note 9. Income Taxes | ||||||||||||
| Reconciliation of Provision for Income Taxes | ||||||||||||
| Canadian-based losses | (469,659 | ) | 408,884 | (60,775 | ) | |||||||
| Expected recovery of Canadian income tax | 140,898 | (122,675 | ) | 18,233 | ||||||||
| Valuation allowance | (140,898 | ) | 122,675 | (18,233 | ) | |||||||
| Significant Components of Deferred Income Taxes | ||||||||||||
| Canadian net operating loss carryforwards | 140,898 | (122,675 | ) | 18,233 | ||||||||
| Total deferred income tax assets | 140,898 | (122,675 | ) | 18,233 | ||||||||
| Valuation allowance | (140,898 | ) | 122,675 | (18,233 | ) | |||||||
| Canadian Non-Capital Loss Carryforwards | 720,949 | (660,174 | ) | 60,775 | ||||||||