10-Q/A Filing

CHELSEA OIL & GAS LTD. CIK: 1061288 Q2 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0000909012-11-000506`
Period End Date	20110630
Filing Date	20110914
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	aucaf-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 73 Cash Flow Statement 34

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.26K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$24.91K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.80K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.35K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$26.19K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$28.99K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$31.34K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$51.09K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	20.05M	shares	Point-in-time
Oil and gas properties-being amortized	`OilAndGasPropertyFullCostMethodNet`	$582.79K	USD	Point-in-time
Oil and gas properties-being amortized	`OilAndGasPropertyFullCostMethodNet`	$582.79K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	20.91M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	20.05M	shares	Point-in-time
Oil and gas properties-not being amortized	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$565.08K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	20.91M	shares	Point-in-time
Oil and gas properties-not being amortized	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$565.08K	USD	Point-in-time
Office equipment and software	`OfficeEquipmentAndSoftware`	$24.78K	USD	Point-in-time
Office equipment and software	`OfficeEquipmentAndSoftware`	$24.78K	USD	Point-in-time
Accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$239.32K	USD	Point-in-time
Accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$216.77K	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$933.33K	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$955.88K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$1.08K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$1.08K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$985.51K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$988.30K	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$896.00	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$11.24K	USD	Point-in-time
Account payable related party	`AccountsPayableRelatedPartiesCurrent`	$39.22K	USD	Point-in-time
Account payable related party	`AccountsPayableRelatedPartiesCurrent`	$48.54K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$170.73K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$115.49K	USD	Point-in-time
Loans from stockholders	`DueToOfficersOrStockholdersCurrent`	$26.27K	USD	Point-in-time
Loans from stockholders	`DueToOfficersOrStockholdersCurrent`	$26.27K	USD	Point-in-time
Loans from officers	`NotesPayableRelatedPartiesClassifiedCurrent`	$25.00K	USD	Point-in-time
Loans from officers	`NotesPayableRelatedPartiesClassifiedCurrent`	$25.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$217.21K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$271.43K	USD	Point-in-time
Preferred stock no par value (50,000,000 shares authorized none outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock no par value (50,000,000 shares authorized none outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par (50,000,000 shares authorized 20,905,269 and 20,048,284 shares in 2011 and 2010 issued and outstanding)	`CommonStockValue`	$3.75M	USD	Point-in-time
Common stock, no par (50,000,000 shares authorized 20,905,269 and 20,048,284 shares in 2011 and 2010 issued and outstanding)	`CommonStockValue`	$3.85M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$175.15K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$173.55K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$714.07K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$771.09K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$985.51K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$988.30K	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
OIL AND GAS REVENUES	`OilAndGasRevenue`	$47.27K	USD	2 Qtrs
OIL AND GAS REVENUES	`OilAndGasRevenue`	$13.78K	USD	2 Qtrs
OIL AND GAS REVENUES	`OilAndGasRevenue`	$-2.91K	USD	1 Quarter
OIL AND GAS REVENUES	`OilAndGasRevenue`	$14.17K	USD	1 Quarter
Production taxes	`ProductionTaxExpense`	$33.00	USD	1 Quarter
Production taxes	`ProductionTaxExpense`	$71.00	USD	2 Qtrs
Production taxes	`ProductionTaxExpense`	$19.00	USD	2 Qtrs
Transportation costs	`ShippingHandlingAndTransportationCosts`	$8.14K	USD	2 Qtrs
Transportation costs	`ShippingHandlingAndTransportationCosts`	$1.26K	USD	2 Qtrs
Transportation costs	`ShippingHandlingAndTransportationCosts`	$1.26K	USD	1 Quarter
Transportation costs	`ShippingHandlingAndTransportationCosts`	$3.11K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$11.18K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$3.69K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$7.39K	USD	2 Qtrs
Depletion	`DepletionOfOilAndGasProperties`	$22.37K	USD	2 Qtrs
GROSS PROFIT/LOSS	`GrossProfit`	$5.11K	USD	2 Qtrs
GROSS PROFIT/LOSS	`GrossProfit`	$-7.86K	USD	1 Quarter
GROSS PROFIT/LOSS	`GrossProfit`	$-156.00	USD	1 Quarter
GROSS PROFIT/LOSS	`GrossProfit`	$16.69K	USD	2 Qtrs
Personnel costs	`SalariesAndWages`	$16.97K	USD	2 Qtrs
Personnel costs	`SalariesAndWages`	$65.99K	USD	2 Qtrs
Personnel costs	`SalariesAndWages`	$5.31K	USD	1 Quarter
Personnel costs	`SalariesAndWages`	$33.94K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$28.08K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$37.60K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$37.99K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$6.41K	USD	1 Quarter
Promotion and advertising	`SellingAndMarketingExpense`	$5.29K	USD	1 Quarter
Promotion and advertising	`SellingAndMarketingExpense`	$11.01K	USD	2 Qtrs
Promotion and advertising	`SellingAndMarketingExpense`	$1.65K	USD	1 Quarter
Promotion and advertising	`SellingAndMarketingExpense`	$6.25K	USD	2 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$2.05K	USD	2 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$2.71K	USD	2 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$1.42K	USD	1 Quarter
Office expenses	`OtherGeneralAndAdministrativeExpense`	$558.00	USD	1 Quarter
Depreciation	`Depreciation`	$185.00	USD	2 Qtrs
Depreciation	`Depreciation`	$185.00	USD	2 Qtrs
Depreciation	`Depreciation`	$93.00	USD	1 Quarter
Depreciation	`Depreciation`	$-345.00	USD	1 Quarter
Directors' fees and other	`OfficersCompensation`	$48.09K	USD	1 Quarter
Directors' fees and other	`OfficersCompensation`	$951.00	USD	2 Qtrs
Directors' fees and other	`OfficersCompensation`	$431.00	USD	1 Quarter
Directors' fees and other	`OfficersCompensation`	$48.17K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$166.06K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$64.00K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$14.02K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$116.92K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-117.07K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-58.89K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-149.37K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-21.88K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$289.00	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$1.18K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$2.34K	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$754.00	USD	2 Qtrs
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-118.25K	USD	1 Quarter
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.17K	USD	1 Quarter
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-59.64K	USD	2 Qtrs
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-151.71K	USD	2 Qtrs
Australian income taxes	`IncomeTaxExpenseBenefit`	$7.91K	USD	2 Qtrs
Australian income taxes	`IncomeTaxExpenseBenefit`	$399.00	USD	1 Quarter
Australian income taxes	`IncomeTaxExpenseBenefit`	$2.98K	USD	2 Qtrs
Australian income taxes	`IncomeTaxExpenseBenefit`	$-1.72K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-20.45K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-118.65K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-62.62K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-159.62K	USD	2 Qtrs
BASIC (LOSS) PER COMMON SHARE	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
BASIC (LOSS) PER COMMON SHARE	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Weighted Average Number of Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.24M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.56M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.38M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.59M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-20.45K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-118.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-62.62K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-159.62K	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$7.58K	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$22.55K	USD	2 Qtrs
Value of expenses contributed by officers	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.60K	USD	2 Qtrs
Value of expenses contributed by officers	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.60K	USD	2 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$25.00K	USD	2 Qtrs
Stock issued for officers and directors	`StockIssuedDuringPeriodValueOther`	$26.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$2.81K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$4.24K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.74K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$54.22K	USD	2 Qtrs
NET CASH (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-27.44K	USD	2 Qtrs
NET CASH (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-26.46K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	2 Qtrs
NET CASH FLOWS PROVIDED FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	2 Qtrs
NET CASH FLOWS PROVIDED FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.56K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.46K	USD	2 Qtrs
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.26K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$24.91K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$4.80K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.35K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.26K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$24.91K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$4.80K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.35K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Australian income taxes	`IncomeTaxesPaid`	$2.98K	USD	2 Qtrs
Australian income taxes	`IncomeTaxesPaid`	$7.91K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.