6-K/A Filing

CHELSEA OIL & GAS LTD. CIK: 1061288 Q2 2012

Filing Information

Form Type	6-K/A
Accession Number	`0000909012-12-000395`
Period End Date	20120630
Filing Date	20120910
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	aucaf-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 77 Cash Flow Statement 33

Balance Sheet 63 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	`Cash`	$28.55K	USD	Point-in-time
Cash	`Cash`	$1.28M	USD	Point-in-time
Cash	`Cash`	$2.35K	USD	Point-in-time
Cash	`Cash`	$24.91K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$28.40K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$19.87K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.30M	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$56.95K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Oil and gas properties-being amortized	`OilAndGasPropertyFullCostMethodNet`	$8.80M	USD	Point-in-time
Oil and gas properties-being amortized	`OilAndGasPropertyFullCostMethodNet`	$556.53K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Oil and gas properties-not being amortized	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$626.94K	USD	Point-in-time
Oil and gas properties-not being amortized	`CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative`	$621.94K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	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
Common stock shares issued	`CommonStockSharesIssued`	49.96M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	20.91M	shares	Point-in-time
Accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$253.73K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	49.96M	shares	Point-in-time
Accumulated depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$241.53K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	20.91M	shares	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$961.73K	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$9.20M	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$207.59K	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$207.59K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$1.08K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$1.08K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$208.68K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$208.68K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.71M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.23M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$3.00M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$143.83K	USD	Point-in-time
Accounts payable - trade	`AccountsPayableCurrent`	$5.62K	USD	Point-in-time
Account payable - related party	`AccountsPayableRelatedPartiesCurrent`	$52.79K	USD	Point-in-time
Account payable - related party	`AccountsPayableRelatedPartiesCurrent`	$135.89K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$757.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$41.66K	USD	Point-in-time
Loans from stockholders	`DueToOfficersOrStockholdersCurrent`	$243.50K	USD	Point-in-time
Loans from stockholders	`DueToOfficersOrStockholdersCurrent`	$243.50K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.52M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$343.56K	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 value (50,000,000 shares authorized 49,960,000 and 20,905,269 shares in 2012 and 2011 issued and outstanding)	`CommonStockValue`	$10.82M	USD	Point-in-time
Common stock, no par value (50,000,000 shares authorized 49,960,000 and 20,905,269 shares in 2012 and 2011 issued and outstanding)	`CommonStockValue`	$4.12M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$176.75K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$-113.30K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.41M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.19M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$883.79K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$10.71M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.23M	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
OIL AND GAS REVENUES	`OilAndGasRevenue`	$21.70K	USD	1 Quarter
OIL AND GAS REVENUES	`OilAndGasRevenue`	$42.27K	USD	2 Qtrs
OIL AND GAS REVENUES	`OilAndGasRevenue`	$41.48K	USD	2 Qtrs
OIL AND GAS REVENUES	`OilAndGasRevenue`	$14.17K	USD	1 Quarter
Production taxes	`ProductionTaxExpense`	$33.00	USD	1 Quarter
Production taxes	`ProductionTaxExpense`	$25.00	USD	2 Qtrs
Production taxes	`ProductionTaxExpense`	$71.00	USD	2 Qtrs
Transportation costs	`ShippingHandlingAndTransportationCosts`	$55.00	USD	1 Quarter
Transportation costs	`ShippingHandlingAndTransportationCosts`	$8.14K	USD	2 Qtrs
Transportation costs	`ShippingHandlingAndTransportationCosts`	$228.00	USD	2 Qtrs
Transportation costs	`ShippingHandlingAndTransportationCosts`	$3.11K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$11.18K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$22.37K	USD	2 Qtrs
Depletion	`DepletionOfOilAndGasProperties`	$6.10K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$12.20K	USD	2 Qtrs
GROSS PROFIT/LOSS	`GrossProfit`	$-156.00	USD	1 Quarter
GROSS PROFIT/LOSS	`GrossProfit`	$16.69K	USD	2 Qtrs
GROSS PROFIT/LOSS	`GrossProfit`	$15.54K	USD	1 Quarter
GROSS PROFIT/LOSS	`GrossProfit`	$29.02K	USD	2 Qtrs
Personnel costs	`SalariesAndWages`	$14.18K	USD	1 Quarter
Personnel costs	`SalariesAndWages`	$30.41K	USD	2 Qtrs
Personnel costs	`SalariesAndWages`	$65.99K	USD	2 Qtrs
Personnel costs	`SalariesAndWages`	$33.94K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$74.08K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$28.08K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$37.99K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$29.84K	USD	1 Quarter
Promotion and advertising	`SellingAndMarketingExpense`	$4.54K	USD	1 Quarter
Promotion and advertising	`SellingAndMarketingExpense`	$11.01K	USD	2 Qtrs
Promotion and advertising	`SellingAndMarketingExpense`	$5.29K	USD	1 Quarter
Promotion and advertising	`SellingAndMarketingExpense`	$13.46K	USD	2 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$-841.00	USD	1 Quarter
Office expenses	`OtherGeneralAndAdministrativeExpense`	$1.42K	USD	1 Quarter
Office expenses	`OtherGeneralAndAdministrativeExpense`	$3.19K	USD	2 Qtrs
Office expenses	`OtherGeneralAndAdministrativeExpense`	$2.71K	USD	2 Qtrs
Depreciation	`Depreciation`	$185.00	USD	2 Qtrs
Depreciation	`Depreciation`	$93.00	USD	1 Quarter
Directors' fees and other	`OfficersCompensation`	$4.55K	USD	2 Qtrs
Directors' fees and other	`OfficersCompensation`	$48.17K	USD	2 Qtrs
Directors' fees and other	`OfficersCompensation`	$48.09K	USD	1 Quarter
Directors' fees and other	`OfficersCompensation`	$4.55K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$166.06K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$116.92K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$125.68K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$52.27K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-96.66K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-36.73K	USD	1 Quarter
OPERATING LOSS	`OperatingIncomeLoss`	$-149.37K	USD	2 Qtrs
OPERATING LOSS	`OperatingIncomeLoss`	$-117.07K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNonoperatingNet`	$5.66K	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNonoperatingNet`	$2.77K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$16.46K	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$7.01K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$2.34K	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$1.18K	USD	1 Quarter
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-40.97K	USD	1 Quarter
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-107.46K	USD	2 Qtrs
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-151.71K	USD	2 Qtrs
NET LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-118.25K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-242.00	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-242.00	USD	2 Qtrs
Australian income taxes	`IncomeTaxExpenseBenefit`	$4.22K	USD	1 Quarter
Australian income taxes	`IncomeTaxExpenseBenefit`	$-7.91K	USD	2 Qtrs
Australian income taxes	`IncomeTaxExpenseBenefit`	$-7.61K	USD	2 Qtrs
Australian income taxes	`IncomeTaxExpenseBenefit`	$-399.00	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-45.44K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-118.65K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-159.62K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-115.32K	USD	2 Qtrs
BASIC (LOSS) PER COMMON SHARE	`EarningsPerShareBasic`	-	USD	1 Quarter
BASIC (LOSS) PER COMMON SHARE	`EarningsPerShareBasic`	-	USD	1 Quarter
BASIC (LOSS) PER COMMON SHARE	`EarningsPerShareBasic`	-	USD	2 Qtrs
BASIC (LOSS) PER COMMON SHARE	`EarningsPerShareBasic`	-	USD	2 Qtrs
Weighted Average Number of Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.96M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.17M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.35M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding: Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.38M	shares	1 Quarter

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-45.44K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-118.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-159.62K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-115.32K	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$22.55K	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.20K	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
Changes in receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.81K	USD	2 Qtrs
Changes in receivables	`IncreaseDecreaseInAccountsReceivable`	$-8.53K	USD	2 Qtrs
Changes in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$54.22K	USD	2 Qtrs
Changes in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$180.41K	USD	2 Qtrs
NET CASH (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-27.44K	USD	2 Qtrs
NET CASH (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$85.82K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.92M	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.63M	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00K	USD	2 Qtrs
Acquisition of oil and gas interests	`PaymentsToAcquireOilAndGasProperty`	$460.96K	USD	2 Qtrs
NET INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$1.25M	USD	2 Qtrs
NET INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$22.56K	USD	2 Qtrs
Cash, Beginning of Period	`Cash`	$28.55K	USD	Point-in-time
Cash, Beginning of Period	`Cash`	$1.28M	USD	Point-in-time
Cash, Beginning of Period	`Cash`	$2.35K	USD	Point-in-time
Cash, Beginning of Period	`Cash`	$24.91K	USD	Point-in-time
Cash, End of Period	`Cash`	$28.55K	USD	Point-in-time
Cash, End of Period	`Cash`	$1.28M	USD	Point-in-time
Cash, End of Period	`Cash`	$2.35K	USD	Point-in-time
Cash, End of Period	`Cash`	$24.91K	USD	Point-in-time
Australian income taxes paid	`IncomeTaxesPaid`	$7.91K	USD	2 Qtrs
Australian income taxes paid	`IncomeTaxesPaid`	$7.61K	USD	2 Qtrs
Surat Basin acquisition	`SuratBasinAcquisition`	$7.79M	USD	2 Qtrs
Notes payable	`NotesPayable1`	$3.00M	USD	2 Qtrs
Common stock	`CommonStock`	$4.79M	USD	2 Qtrs

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