Phoenix Life Sciences International Limited. (PLSI) 10-Q 21 Jan 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Nov. 30, 2013	Jan. 15, 2014
Document and Entity Information	'	'
Entity Registrant Name	'MOKITA, INC.	'
Document Type	'10-Q	'
Document Period End Date	30-Nov-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001493212	'
Current Fiscal Year End Date	'--02-28	'
Entity Common Stock, Shares Outstanding	'	63,000,000
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

Balance_Sheets

Balance Sheets (USD $)	Nov. 30, 2013	Feb. 28, 2013
ASSETS:	'	'
Cash	$1,263	$1,704
Accounts receivable	0	214
Other receivable - sale of oil and gas working interest	0	40,000
Total Assets	1,263	41,918
Current Liabilities	'	'
Accounts payable and accrued liabilities	44,942	42,362
Due to related party	71,300	58,150
Loan payable	215,000	215,000
Derivative liability	253,410	227,507
Current Liabilities	584,652	543,019
Asset retirement obligation	377	247
Loan payable.	35,015	0
Total Liabilities	620,044	543,266
STOCKHOLDERS' DEFICIT	'	'
Common Stock Authorized: 1,000,000,000 common shares, par value of $0.001 per share Issued and outstanding: 63,000,000 and 78,000,000 common shares, respectively	63,000	78,000
Additional paid-in capital	48,357	33,357
Accumulated deficit	-74,615	-74,615
Accumulated deficit during the exploration stage	-655,523	-538,090
Total Stockholders' Deficit	-618,781	-501,348
Total Liabilities and Stockholders' Deficit	$1,263	$41,918

Balance_Sheets_Parentheticals

Balance Sheets Parentheticals (USD $)	Nov. 30, 2013	Feb. 28, 2013
Parentheticals	'	'
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	1,000,000,000	1,000,000,000
Common Stock, shares issued	63,000,000	78,000,000
Common Stock, shares outstanding	63,000,000	78,000,000

Statements_of_Operations_unaud

Statements of Operations (unaudited) (USD $)	3 Months Ended		9 Months Ended		55 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013
Revenue:	'	'	'	'	'
Revenues	$0	$735	$0	$6,021	$12,027
Operating expenses	'	'	'	'	'
Accretion expense	43	6	130	18	243
Depreciation, depletion, and amortization	0	0	0	304	1,059
General and administrative	9,395	6,755	28,991	54,760	225,262
Impairment of oil & gas properties	0	0	0	3,256	81,245
Lease operating expenses	0	145	0	2,028	3,864
Professional fees	8,798	8,554	45,281	37,594	166,494
Total operating expenses	18,236	15,460	74,402	97,960	478,167
Loss before other income (expenses)	-18,236	-14,725	-74,402	-91,939	-466,140
Other income (expense)	'	'	'	'	'
Change in fair value of derivative liability	-54,538	4,736	-25,903	-59,319	-38,063
Gain on sale of oil and gas working interest	0	0	0	0	40,000
Interest expense	-6,134	-5,360	-17,128	-15,243	-50,588
Loss on debt modification	0	0	0	-215,347	-215,347
Total other income (expense)	-60,672	-624	-43,031	-289,909	-263,998
Net loss	($78,908)	($15,349)	($117,433)	($381,848)	($730,138)
Net loss per share - basic and diluted	$0	$0	$0	$0	'
Weighted average shares outstanding - basic and diluted (restated for forward stock split of 10 for 1)	63,000,000	78,000,000	72,490,433	78,000,000	'

Statements_of_Cash_Flows_unaud

Statements of Cash Flows (unaudited) (USD $)	9 Months Ended		55 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013
Operating Activities	'	'	'
Net loss	($117,433)	($381,848)	($730,138)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Accretion expense	130	18	243
Change in fair value of derivative liability.	25,903	59,319	38,063
Depreciation, depletion, and amortization	0	304	1,059
Impairment of oil & gas properties	0	3,256	81,245
Imputed interest	0	0	12,857
Loss on debt modification	0	215,347	215,347
Shares issued for management bonuses	0	0	30,000
Changes in operating assets and liabilities:	'	'	'
Accounts receivable	214	1,837	0
Other receivable - sale of oil and gas working interest	40,000	0	0
Accounts payable and accrued liabilities	2,580	24,818	44,942
Due to related parties	13,150	14,150	62,800
Net Cash Used In Operating Activities	-35,456	-62,799	-243,582
Investing Activities	'	'	'
Purchase of oil and gas property	0	0	-49,500
Net Cash Used in Investing Activities	0	0	-49,500
Financing Activities	'	'	'
Proceeds from issuance of common shares	0	0	48,000
Proceeds from loans payable	35,015	65,000	217,345
Proceeds from a related party	0	0	49,000
Repayments to a related party	0	0	-20,000
Net Cash Provided By Financing Activities	35,015	65,000	294,345
Change in Cash	-441	2,201	1,263
Cash - Beginning of Period	1,704	191	0
Cash - End of Period	1,263	2,392	1,263
Non-cash investing and financing activities	'	'	'
Asset retirement obligation - change in estimate	0	1,036	1,036
Oil and gas property acquired with note payable	0	0	32,670
Related party debt forgiven	0	0	20,500
Asset retirement obligation assumed on oil and gas properties	0	1,170	1,170
Supplemental disclosures	'	'	'
Income tax paid	0	0	0
Interest paid	$0	$0	$0

Nature_of_Operations_and_Conti

Nature of Operations and Continuance of Business	9 Months Ended
	Nov. 30, 2013
Nature of Operations and Continuance of Business	'
Nature of Operations	'
	1
	Nature of Operations and Continuance of Business – Going Concern Issue
	Nature of Operations
	Mokita, Inc. (the “Company”) was incorporated in the State of Nevada on April 21, 2009. The Company is an exploration stage company, as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, Development Stage Entities. The Company’s principal operations were to provide credit card payment systems.  In May 2011, the Company acquired working interests in oil and gas properties and changed its’ principal operations to the acquisition and development of oil and gas properties.
	Going Concern Issue
	These financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at November 30, 2013, the Company has a working capital deficit of $583,389 and an accumulated deficit of $730,138. The Company currently has no income-producing assets, refer to the accompanying note 3(c). The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Company’s future operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Nov. 30, 2013
Summary of Significant Accounting Policies	'
Summary of Significant Accounting Policies	'
	2
	Summary of Significant Accounting Policies
	a)
	Basis of Presentation
	The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars.  The Company’s fiscal year end is February 28.
	b)
	Use of Estimates
	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
	A significant item that requires management's estimates and assumptions is the estimate of proved oil reserves which are used in the calculation of depletion, impairment of its properties and asset retirement obligations. Other items subject to estimates and assumptions include the carrying amount of property, plant and equipment, valuation allowances for income taxes, valuation of derivatives instruments and accrued liabilities, among others. Although management believes these estimates are reasonable, actual results could differ from these estimates.
	c)
	Interim Financial Statements
	These interim unaudited financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period.
	d)
	Cash and cash equivalents
	The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at November 30 and February 28, 2013, the Company did not hold any cash equivalents.
	e)
	Basic and Diluted Net Loss per Share
	The Company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive. As at November 30, 2013, the Company had 995,084 (February 28, 2013 – 191,111) potentially dilutive shares outstanding.
	f)
	Financial Instruments
	Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
	f)
	Financial Instruments (continued)
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	The Company’s financial instruments consist principally of cash, accounts receivable, other receivable, accounts payable and accrued liabilities, amounts due to a related party, convertible debenture, and loans payable. Pursuant to ASC 820, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
	Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s balance sheet as at November 30, 2013 and February 28, 2013, respectively, as follows:
		Fair Value Measurements Using
		Quoted	Significant	Significant	Balance,	Total
		prices in	other	Unobservable	November 30,	Gains and
		active markets	observable	inputs	2013	(Losses)
		for identical	Inputs	(Level 3)	$	$
		instruments	(Level 2)	$
		(Level 1)	$
		$
	Derivative liability	–	–	-253,410	-253,410	-25,903
	Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s balance sheet as at February 28, 2013 as follows:
		Fair Value Measurements Using
		Quoted	Significant	Significant	Balance,	Total
		prices in	other	Unobservable	February 28,	Gains and
		active markets	observable	inputs	2013	(Losses)
		for identical	Inputs	(Level 3)	$	$
		instruments	(Level 2)	$
		(Level 1)	$
		$
	Derivative liability	–	–	-227,507	-227,507	-227,507
	g)
	Derivative Financial Instruments
	The Company does not use derivative instruments to hedge exposures to cash flow, market or foreign currency risks.
	The Company reviews the terms of the common stock, warrants and convertible debt it issues to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains more than one embedded derivative instrument, including the conversion option, that is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument.
	g)
	Derivative Financial Instruments (continued)
	Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. The Company uses a Black-Scholes model for valuation of the derivative. When the equity or convertible debt instruments contain embedded derivative instruments that are to be bifurcated and accounted for as liabilities, the total proceeds received are first allocated to the fair value of all the bifurcated derivative instruments. The remaining proceeds, if any, are then allocated to the host instruments themselves, usually resulting in those instruments being recorded at a discount from their face value.
	The discount from the face value of the convertible debt, together with the stated interest on the instrument, is amortized over the life of the instrument through periodic charges to interest expense, using the effective interest method.
	Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether net cash settlement of the derivative instrument could be required within the twelve months of the balance sheet date.
	h)
	Comprehensive Loss
	ASC 220, Comprehensive Income, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at November 30 and February 28, 2013, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.
	i)
Oil and Gas Properties
The Company utilizes the full-cost method of accounting for petroleum and natural gas properties. Under this method, the Company capitalizes all costs associated with acquisition, exploration and development of oil and natural gas reserves, including leasehold acquisition costs, geological and geophysical expenditures, lease rentals on undeveloped properties and costs of drilling of productive and non-productive wells into the full cost pool on a country by country basis. When the Company obtains proven oil and gas reserves, capitalized costs, including estimated future costs to develop the reserves proved and estimated abandonment costs, net of salvage, will be depleted on the units-of-production method using estimates of proved reserves. The costs of unproved properties are not amortized until it is determined whether or not proved reserves can be assigned to the properties. Until such determination is made the Company assesses annually whether impairment has occurred, and includes in the amortization base drilling exploratory dry holes associated with unproved properties.
The Company applies a ceiling test to the capitalized cost in the full cost pool. The ceiling test limits such cost to the estimated present value, using a ten percent discount rate, of the future net revenue from proved reserves, based on current economic and operating conditions. Specifically, the Company computes the ceiling test so that capitalized cost, less accumulated depletion and related deferred income tax, do not exceed an amount (the ceiling) equal to the sum of: (a) The present value of estimated future net revenue computed by applying constant prices of oil and gas reserves based on an average of prices during the year (with consideration of price changes only to the extent provided by contractual arrangements) to estimated future production of proved oil and gas reserves as of the date of the latest balance sheet presented, less estimated future expenditures (based on current cost) to be incurred in developing and producing the proved reserves computed using a discount factor of ten percent and assuming continuation of existing economic conditions; plus (b) the cost of property not being amortized; plus (c) the lower of cost or estimated fair value of unproven properties included in the costs being amortized; less (d) income tax effects related to differences between the book and tax basis of the property.
i)
Oil and Gas Properties (continued)
Management’s assumptions used in calculating oil and gas reserves or regarding the future net cash flows or fair value of the Company’s properties are subject to change in the future.  Any change, such as changes in reserves or commodity price forecasts, could cause changes in the fair value estimates of the properties or impairment expense to be recorded, impacting net income or loss of the Company.  Any change in reserves directly impacts future cash flows and fair values of the properties.
Estimated reserve quantities and future net cash flows have the most significant impact on the Company. These estimates are also used in the quarterly calculations of depletion, depreciation and impairment of the Company’s proved properties. Estimating accumulations of gas and oil is complex and is not exact because of the numerous uncertainties inherent in the process. Refer to Note 3 – Oil and Gas Properties for estimates recorded relating to the oil and gas properties.
j)
Asset Retirement Obligations
The Company follows the provisions of ASC 410, Asset Retirement and Environmental Obligations, which establishes standards for the initial measurement and subsequent accounting for obligations associated with the sale, abandonment or other disposal of long-lived tangible assets arising from the acquisition, construction or development and for normal operations of such assets. As at November 30, 2013, the Company recorded asset retirement obligations of $377. During the period ended November 30, 2013, the Company recorded an accretion expense of $130 (2012 - $18).
k)
Stock-based Compensation
The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Based Compensation and ASC 505-50 - Equity-Based Payments to Non-Employees. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
l)
Revenue Recognition
Revenues associated with the sale of oil is accounted for using the sales method, whereby revenue is recognized by the operator of the mineral properties for oil is sold to purchasers with the Company recognizing  the portion of its share of the revenues.
m)
Recent Accounting Pronouncements
The recent accounting pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations

Oil_and_Gas_Properties

Oil and Gas Properties	9 Months Ended
	Nov. 30, 2013
Oil and Gas Properties	'
Oil and Gas Properties	'
	3
	Oil and Gas Properties
	a)
	Capitalized Costs
		Noble County, Oklahoma
		$
	Capitalized costs, February 29, 2012	21,594
	Revision to asset retirement cost	-1,036
	Depreciation, depletion, and amortization	-339
	Impairment	-20,219
	Capitalized costs, February 28 and November 30, 2013	–
	b)
	Sale of Working Interest
	On February 1, 2013, the Company entered into a Letter of Intent for the sale of its 1% working interest in the oil and gas properties located in Stephens County, Oklahoma for proceeds of $40,000. The sale of Company’s working interest on February 28, 2013 resulted in a gain of $40,000.
	c)
	Non-Consent Penalty Charges and Impairment Charge – Noble County, Oklahoma
	On September 14, 2012, the Company was deemed a non-consenting investor, pursuant to the Operators Agreement, in a proposal to stimulate the Noble County property to increase production. As a result, and per the operating agreement with the property operator, the Company will lose its revenue for the Noble County property for a period of time sufficient to recover 500% of the Company’s invoiced proportionate share of the total expenses for the stimulation project. Revenues earned from this property were approximately $1,000 for the year ended February 28, 2013. The proportionate expenses for the stimulation project that were charged to the Company by the Operator were approximately $6,000 for the year ended February 28, 2013. Therefore, approximately $30,000 of future revenue from this project will be paid to the other investors in this project who have consented to the stimulation project and who paid their allocable share of the approximate $6,000 of expenses that was charged to the Company, but which the Company elected not to pay, before the Company can earn future revenue from its interest in this property. This elective non-consent by the Company and 500% penalty charged pursuant to the Operators Agreement results in a full impairment of this property which was recorded at February 28, 2013.

Accounts_Payables_and_Accrued_

Accounts Payables and Accrued Liabilities	9 Months Ended
	Nov. 30, 2013
Accounts Payables and Accrued Liabilities:	'
Accounts Payables and Accrued Liabilities	'
	4
	Accounts Payable and Accrued Liabilities
		November 30,	28-Feb-13
		2013	$
		$
	Trade accounts payable	6,909	4,009
	Accrued liabilities	302	17,750
	Accrued interest payable	37,731	20,603
		44,942	42,362

Convertible_Debenture

Convertible Debenture.	9 Months Ended
	Nov. 30, 2013
Convertible Debenture.	'
Convertible debenture.	'
	5
	Convertible Debenture
	As at November 30, 2013, the Company owes $215,000 (February 28, 2013 - $215,000) to a non-related party for an outstanding note payable. Included in this amount is $32,670 which was paid by the note holder for the acquisition of oil and gas properties.  The amount owing is unsecured, bears interest at 10%, and due on demand. The note is convertible into the Company’s common stock at a rate of 75% of the weighted average closing price for the ten days prior to the conversion date. As at November 30, 2013, the Company accrued $36,801 (February 28, 2013 - $20,603) of interest payable.
	On September 18, 2013, the Company entered into a convertible loan agreement for $35,015, of which $15,015 was received on July 24, 2013 and $20,000 was received on September 18, 2013. The amount owing is unsecured, bears interest at 10%, and due on September 18, 2015. The note is convertible into the Company’s common stock at a rate of 75% of the weighted average closing price for the ten days prior to the conversion date. As at November 30, 2013, the Company accrued $930 (February 28, 2013 - $nil) of interest payable.

Derivative_Liability

Derivative Liability	9 Months Ended
	Nov. 30, 2013
Derivative Liability {1}	'
Derivative Liability	'
	6
	Derivative Liability
	The conversion option of the convertible debenture disclosed in Note 5 is required to record a derivative at its estimated fair value on each balance sheet date with changes in fair value reflected in the statement of operations.
	During the nine months ended November 30, 2013, the Company recorded a loss on the change in fair value of the conversion option derivative liability of $25,903 (2012 - $59,319). As of November 30, 2013, the fair value of the conversion option derivative liability was $253,410 (February 28, 2013 - $227,507).
	The fair value of the derivative financial liability was determined using the Black-Scholes option pricing model, using the following assumptions:
		Expected	Risk-free	Expected	Expected
		Volatility	Interest	Dividend	Life (in
			Rate	Yield	years)
	As at issuance date:
	$215,000 convertible debenture	268%	0.13%	0%	2
	$35,015 convertible debenture	285%	0.34%	0%	2
	As at November 30, 2013
	$215,000 convertible debenture	390%	0.06%	0%	0.28
	$35,015 convertible debenture	210%	0.34%	0%	1.8

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Nov. 30, 2013
Related Party Transactions	'
Related Party Transactions	'
	7
	Related Party Transactions
	a)
	During the period ended November 30, 2013, the Company incurred salary expenses of $18,000 (2012 - $18,000) to the President and CEO of the Company.
	b)
	As at November 30, 2013, the Company owes $71,300 (February 28, 2013 - $58,150) to the President and CEO of the Company for the funding of general operations and management fees. The amount owing is unsecured, non-interest bearing, and due on demand.

Share_Capital

Share Capital	9 Months Ended
	Nov. 30, 2013
Share Capital	'
Share Capital	'
	8
	Share Capital
	On August 22, 2013, a shareholder of the Company voluntarily cancelled 15,000,000 common shares.
	On August 23, 2013, the Company effected a 10-for-1 forward split of the issued and outstanding shares of common stock. All share amounts have been retroactively restated for all periods presented. The Company also increased the number of authorized shares of common stock from 100,000,000 shares of common stock to 1,000,000,000 shares of common stock with no change in par value.

Subsequent_Events

Subsequent Events	9 Months Ended
	Nov. 30, 2013
Subsequent Events	'
Subsequent Events	'
	9
	Subsequent Events
	We have evaluated subsequent events through the date of issuance of the financial statements, and did not have any material recognizable subsequent events.

Significant_Accounting_Policie

Significant Accounting Policies (POLICIES)	9 Months Ended
	Nov. 30, 2013
Significant Accounting Policies (POLICIES):	'
Basis of Presentation	'
	a)
	Basis of Presentation
	The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars.  The Company’s fiscal year end is February 28.
Use of Estimates	'
	b)
	Use of Estimates
	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
	A significant item that requires management's estimates and assumptions is the estimate of proved oil reserves which are used in the calculation of depletion, impairment of its properties and asset retirement obligations. Other items subject to estimates and assumptions include the carrying amount of property, plant and equipment, valuation allowances for income taxes, valuation of derivatives instruments and accrued liabilities, among others. Although management believes these estimates are reasonable, actual results could differ from these estimates.
Interim Financial Statements	'
	c)
	Interim Financial Statements
	These interim unaudited financial statements have been prepared on the same basis as the annual financial statements and in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results expected for a full year or for any future period.
Cash and Cash Equivalents, Policy	'
	d)
	Cash and cash equivalents
	The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at November 30 and February 28, 2013, the Company did not hold any cash equivalents.
Basic and Diluted Net Loss per Share Policy	'
	e)
	Basic and Diluted Net Loss per Share
	The Company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti dilutive. As at November 30, 2013, the Company had 995,084 (February 28, 2013 – 191,111) potentially dilutive shares outstanding.
Financial Instruments	'
	f)
	Financial Instruments
	Pursuant to ASC 820, Fair Value Measurements and Disclosures, an entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	The Company’s financial instruments consist principally of cash, accounts receivable, other receivable, accounts payable and accrued liabilities, amounts due to a related party, convertible debenture, and loans payable. Pursuant to ASC 820, the fair value of our cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
	Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s balance sheet as at November 30, 2013 and February 28, 2013, respectively, as follows:
		Fair Value Measurements Using
		Quoted	Significant	Significant	Balance,	Total
		prices in	other	Unobservable	November 30,	Gains and
		active markets	observable	inputs	2013	(Losses)
		for identical	Inputs	(Level 3)	$	$
		instruments	(Level 2)	$
		(Level 1)	$
		$
	Derivative liability	–	–	-253,410	-253,410	-25,903
	Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s balance sheet as at February 28, 2013 as follows:
		Fair Value Measurements Using
		Quoted	Significant	Significant	Balance,	Total
		prices in	other	Unobservable	February 28,	Gains and
		active markets	observable	inputs	2013	(Losses)
		for identical	Inputs	(Level 3)	$	$
		instruments	(Level 2)	$
		(Level 1)	$
		$
	Derivative liability	–	–	-227,507	-227,507	-227,507
Derivative Financial Instruments	'
	g)
	Derivative Financial Instruments
	The Company does not use derivative instruments to hedge exposures to cash flow, market or foreign currency risks.
	The Company reviews the terms of the common stock, warrants and convertible debt it issues to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains more than one embedded derivative instrument, including the conversion option, that is required to be bifurcated, the bifurcated derivative instruments are accounted for as a single, compound derivative instrument.
	Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. The Company uses a Black-Scholes model for valuation of the derivative. When the equity or convertible debt instruments contain embedded derivative instruments that are to be bifurcated and accounted for as liabilities, the total proceeds received are first allocated to the fair value of all the bifurcated derivative instruments. The remaining proceeds, if any, are then allocated to the host instruments themselves, usually resulting in those instruments being recorded at a discount from their face value.
	The discount from the face value of the convertible debt, together with the stated interest on the instrument, is amortized over the life of the instrument through periodic charges to interest expense, using the effective interest method.
	Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether net cash settlement of the derivative instrument could be required within the twelve months of the balance sheet date.
Comprehensive Loss, Policy	'
	h)
	Comprehensive Loss
	ASC 220, Comprehensive Income, establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. As at November 30 and February 28, 2013, the Company has no items that represent a comprehensive loss and, therefore, has not included a schedule of comprehensive loss in the financial statements.
Oil and Gas Properties Policy	'
	i)
	Oil and Gas Properties
	The Company utilizes the full-cost method of accounting for petroleum and natural gas properties. Under this method, the Company capitalizes all costs associated with acquisition, exploration and development of oil and natural gas reserves, including leasehold acquisition costs, geological and geophysical expenditures, lease rentals on undeveloped properties and costs of drilling of productive and non-productive wells into the full cost pool on a country by country basis. When the Company obtains proven oil and gas reserves, capitalized costs, including estimated future costs to develop the reserves proved and estimated abandonment costs, net of salvage, will be depleted on the units-of-production method using estimates of proved reserves. The costs of unproved properties are not amortized until it is determined whether or not proved reserves can be assigned to the properties. Until such determination is made the Company assesses annually whether impairment has occurred, and includes in the amortization base drilling exploratory dry holes associated with unproved properties.
	The Company applies a ceiling test to the capitalized cost in the full cost pool. The ceiling test limits such cost to the estimated present value, using a ten percent discount rate, of the future net revenue from proved reserves, based on current economic and operating conditions. Specifically, the Company computes the ceiling test so that capitalized cost, less accumulated depletion and related deferred income tax, do not exceed an amount (the ceiling) equal to the sum of: (a) The present value of estimated future net revenue computed by applying constant prices of oil and gas reserves based on an average of prices during the year (with consideration of price changes only to the extent provided by contractual arrangements) to estimated future production of proved oil and gas reserves as of the date of the latest balance sheet presented, less estimated future expenditures (based on current cost) to be incurred in developing and producing the proved reserves computed using a discount factor of ten percent and assuming continuation of existing economic conditions; plus (b) the cost of property not being amortized; plus (c) the lower of cost or estimated fair value of unproven properties included in the costs being amortized; less (d) income tax effects related to differences between the book and tax basis of the property.
	Management’s assumptions used in calculating oil and gas reserves or regarding the future net cash flows or fair value of the Company’s properties are subject to change in the future.  Any change, such as changes in reserves or commodity price forecasts, could cause changes in the fair value estimates of the properties or impairment expense to be recorded, impacting net income or loss of the Company.  Any change in reserves directly impacts future cash flows and fair values of the properties.
	Estimated reserve quantities and future net cash flows have the most significant impact on the Company. These estimates are also used in the quarterly calculations of depletion, depreciation and impairment of the Company’s proved properties. Estimating accumulations of gas and oil is complex and is not exact because of the numerous uncertainties inherent in the process. Refer to Note 3 – Oil and Gas Properties for estimates recorded relating to the oil and gas properties.
Asset Retirement Obligations Policy	'
	j)
	Asset Retirement Obligations
	The Company follows the provisions of ASC 410, Asset Retirement and Environmental Obligations, which establishes standards for the initial measurement and subsequent accounting for obligations associated with the sale, abandonment or other disposal of long-lived tangible assets arising from the acquisition, construction or development and for normal operations of such assets. As at November 30, 2013, the Company recorded asset retirement obligations of $377. During the period ended November 30, 2013, the Company recorded an accretion expense of $130 (2012 - $18).
Stock-based Compensation Policy	'
	k)
	Stock-based Compensation
	The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Based Compensation and ASC 505-50 - Equity-Based Payments to Non-Employees. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
Revenue Recognition	'
	l)
	Revenue Recognition
	Revenues associated with the sale of oil is accounted for using the sales method, whereby revenue is recognized by the operator of the mineral properties for oil is sold to purchasers with the Company recognizing  the portion of its share of the revenues.
Recent Accounting Pronouncements, Policy	'
	m)
	Recent Accounting Pronouncements
	The recent accounting pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Nov. 30, 2013
Fair Value Measurements:	'
Fair Value Measurements	'
	Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s balance sheet as at November 30, 2013 and February 28, 2013, respectively, as follows:
		Fair Value Measurements Using
		Quoted	Significant	Significant	Balance,	Total
		prices in	other	Unobservable	November 30,	Gains and
		active markets	observable	inputs	2013	(Losses)
		for identical	Inputs	(Level 3)	$	$
		instruments	(Level 2)	$
		(Level 1)	$
		$
	Derivative liability	–	–	-253,410	-253,410	-25,903
	Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s balance sheet as at February 28, 2013 as follows:
		Fair Value Measurements Using
		Quoted	Significant	Significant	Balance,	Total
		prices in	other	Unobservable	February 28,	Gains and
		active markets	observable	inputs	2013	(Losses)
		for identical	Inputs	(Level 3)	$	$
		instruments	(Level 2)	$
		(Level 1)	$
		$
	Derivative liability	–	–	-227,507	-227,507	-227,507

Capitalized_costs_of_Oil_and_G

Capitalized costs of Oil and Gas properties (Tables)	9 Months Ended
	Nov. 30, 2013
Capitalized costs of Oil and Gas properties	'
Capitalized costs of Oil and Gas properties	'
		Noble County, Oklahoma
		$
	Capitalized costs, February 29, 2012	21,594
	Revision to asset retirement cost	-1,036
	Depreciation, depletion, and amortization	-339
	Impairment	-20,219
	Capitalized costs, February 28 and November 30, 2013	–

Payables_And_Liabilities_Table

Payables And Liabilities (Tables)	9 Months Ended
	Nov. 30, 2013
Payables And Liabilities:	'
Payables And Liabilities	'
		November 30,	28-Feb-13
		2013	$
		$
	Trade accounts payable	6,909	4,009
	Accrued liabilities	302	17,750
	Accrued interest payable	37,731	20,603
		44,942	42,362

Fair_Value_Of_derivative_Liabi

Fair Value Of derivative Liabilities (Tables)	9 Months Ended
	Nov. 30, 2013
Fair Value Of derivative Liabilities:	'
Fair Value Of derivative Liabilities	'
	The fair value of the derivative financial liability was determined using the Black-Scholes option pricing model, using the following assumptions:
		Expected	Risk-free	Expected	Expected
		Volatility	Interest	Dividend	Life (in
			Rate	Yield	years)
	As at issuance date:
	$215,000 convertible debenture	268%	0.13%	0%	2
	$35,015 convertible debenture	285%	0.34%	0%	2
	As at November 30, 2013
	$215,000 convertible debenture	390%	0.06%	0%	0.28
	$35,015 convertible debenture	210%	0.34%	0%	1.8

Going_Concern_Details

Going Concern (Details) (USD $)	Nov. 30, 2013
Going Concern Details	'
Working capital deficit	$583,389
Accumulated deficit.	$730,138

Fair_Value_Measurements_Using_

Fair Value Measurements Using (Details) (Derivative Liability, USD $)	Derivative Liability
	USD ($)
Balance at Feb. 28, 2013	($227,507)
Quoted prices in active markets for identical instruments (Level 1).	0
Significant other observable Inputs (Level 2).	0
Significant Unobservable inputs (Level 3).	-227,507
Total Gains and (Losses).	-227,507
Quoted prices in active markets for identical instruments (Level 1)	0
Significant other observable Inputs (Level 2)	0
Significant Unobservable inputs (Level 3)	-253,410
Total Gains and (Losses)	-25,903
Balance at Nov. 30, 2013	($253,410)

Asset_Retirement_Obligations_D

Asset Retirement Obligations (Details) (USD $)	9 Months Ended
	Nov. 30, 2013	Nov. 30, 2012
Asset Retirement Obligations:	'	'
Asset retirement obligations recorded	$377	'
Accretion expense recorded	$130	$18

Oil_and_Gas_Properties_costs_D

Oil and Gas Properties costs (Details) (Noble County, Oklahoma, USD $)	Noble County, Oklahoma
	USD ($)
Capitalized costs, at Feb. 28, 2013	$21,594
Revision to asset retirement cost	-1,036
Depreciation, depletion, and amortization on capitalized costs	-339
Impairment on capitalized costs	-20,219
Capitalized costs, at Nov. 30, 2013	$0

Sale_of_working_interest_Detai

Sale of working interest (Details) (USD $)	Feb. 28, 2013	Feb. 01, 2013
Sale of Working Interest:	'	'
Working interest in the oil and gas properties located in Stephens County	'	1.00%
Oklahoma for proceeds	'	$40,000
Working interest resulted in a gain	$40,000	'

NonConsent_Penalty_Charges_and

Non-Consent Penalty Charges and Impairment Charge (Details) (USD $)	Feb. 28, 2013
Non-Consent Penalty Charges and Impairment Charge:	'
Revenues earned from Noble County property	$1,000
Proportionate expenses for the stimulation project	6,000
Revenue from this project will be paid to the other investors	30,000
Allocable share expenses that was charged to the Company	$6,000

Accounts_Payable_and_Accrued_L

Accounts Payable and Accrued Liabilities (Details) (USD $)	Nov. 30, 2013	Feb. 28, 2013
Accounts Payable and Accrued Liabilities:	'	'
Trade accounts payable	$6,909	$4,009
Accrued liabilities	302	17,750
Accrued interest payable	37,731	20,603
Total Accounts Payable and Accrued Liabilities	$44,942	$42,362

Convertible_Debenture_Details

Convertible Debenture (Details) (USD $)	Nov. 30, 2013	Sep. 18, 2013	Feb. 28, 2013
Convertible Debenture:	'	'	'
Outstanding note payable to a non-related party	$215,000	$0	$215,000
Amount paid by the note holder for the acquisition of oil and gas properties	32,670	'	'
Amount owing is unsecured, bears interest	10.00%	10.00%	'
Note convertible into the Company's common stock at a rate	75.00%	75.00%	'
Accrued of interest payable	36,801	930	20,603
Convertible loan agreement	'	$35,015	'

Derivative_Liability_As_Follow

Derivative Liability As Follows (Details) (USD $)	9 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Feb. 28, 2013
Derivative Liability Consists Of:	'	'	'
Recorded a loss on the change in fair value of the conversion option derivative liability	$25,903	$59,319	'
Fair value of the conversion option derivative liability.	$253,410	'	$227,507

Derivative_financial_liability

Derivative financial liability using the Black-Scholes option pricing model (Details)	Nov. 30, 2013
Expected Volatility	'
As at issuance date:	'
$215,000 convertible debenture	268.00%
$35,015 convertible debenture	285.00%
As at November 30, 2013:	'
Convertible debenture $215,000	390.00%
Convertible debenture $35,015	210.00%
Risk-free Interest Rate	'
As at issuance date:	'
$215,000 convertible debenture	0.13%
$35,015 convertible debenture	0.34%
As at November 30, 2013:	'
Convertible debenture $215,000	0.06%
Convertible debenture $35,015	0.34%
Expected Dividend Yield	'
As at issuance date:	'
$215,000 convertible debenture	0.00%
$35,015 convertible debenture	0.00%
As at November 30, 2013:	'
Convertible debenture $215,000	0.00%
Convertible debenture $35,015	0.00%
Expected Life (in years)	'
As at issuance date.	'
$215,000 convertible debenture.	2
$35,015 convertible debenture.	2
As at November 30, 2013.	'
Convertible debenture $215,000.	0.28
Convertible debenture $35,015 .	1.8

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	9 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Feb. 28, 2013
Related Party Transaction:	'	'	'
Owes to the President and CEO	$71,300	'	$58,150
Incurred salary expenses	$18,000	$18,000	'

Share_Capital_Transactions_Det

Share Capital Transactions (Details) (USD $)	Nov. 30, 2013	Aug. 23, 2013
Share Capital Transactions:	'	'
Upon effect of the forward split, authorized capital shares of common stock increase to	1,000,000,000	1,000,000,000
On August 22, 2013, a shareholder of the Company voluntarily cancelled common shares	15,000,000	'
Shares of common stock, par value	$0.00	$0.00