ORGANIZATION AND HISTORY	12 Months Ended
Jun. 30, 2012
ORGANIZATION AND HISTORY [Text Block]	1. ORGANIZATION AND HISTORY The Company was incorporated in the State of Nevada on July 27, 2004, under the name of Mobridge Explorations, Inc. Since inception, the Company was primarily engaged in the acquisition and exploration of mineral properties. Pursuant to a mineral property option agreement dated July 6, 2005, the Company was granted an option to acquire a 100% undivided right, title and interest in a total of 15 mineral claim units, known as the Chambers Township claim block, located in the Sudbury Mining Division of Ontario, Canada. On November 1, 2006, the mineral property option agreement was terminated. Effective April 30, 2007, the Company completed a merger with its’ wholly-owned subsidiary, PetroSouth Energy Corp. The sole purpose of the merger was to change the name of the Company from Mobridge Explorations Inc. to PetroSouth Energy Corp. and the subsidiary company was incorporated solely for such purpose. Concurrently with this merger, the Company effected a ten for one stock split of its’ authorized, issued and outstanding common stock. As a result, its’ authorized capital increased from 75,000,000 shares of common stock with a par value of $0.001 to 750,000,000 shares of common stock with a par value of $0.001. During the year ended June 30, 2007, the Company abandoned the mineral property located in the Province of Ontario, Canada and focused its effort on expanding its operations in the oil and gas industry through additional equity financing and acquisitions. On October 2, 2007, the Company completed the acquisition of all of the issued and outstanding common stock of PetroSouth Energy Corp. BVI, a privately-owned British Virgin Islands corporation engaged in oil and gas exploration. As a result of the share purchase transaction, PetroSouth Energy Corp. BVI became a wholly-owned subsidiary of the Company. All operations and efforts of the Company are focused in the oil and gas industry and are subject to the related risks of the industry. Effective April 11, 2008, the Company completed a merger with its’ wholly-owned subsidiary, West Canyon Energy Corp., a Nevada corporation. The sole purpose of the merger was to change the name of the Company from PetroSouth Energy Corp. to West Canyon Energy Corp. and the subsidiary company was incorporated solely for such purpose. Effective November 7, 2008, the Company effected a five for one reverse stock split of its authorized, issued and outstanding common stock. As a result, its authorized capital decreased from 750,000,000 shares of common stock with a par value of $0.001 to 150,000,000 shares of common stock with a par value of $0.001. The effects of the stock splits noted above have been reflected in the Company’s financial statements as if the stock splits were effective at the Company’s inception on July 27, 2004. The Company is an Exploration Stage Company as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No. 915. Unless otherwise specified, all dollar amounts are expressed in United States dollars. *Going Concern* These consolidated financial statements have been prepared on a going concern basis. We have incurred losses since inception (July 27, 2004) resulting in an accumulated deficit of $7,953,549 and further losses are anticipated in the development of the business, raising substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary capital and financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event we cannot continue as a going concern.

ORGANIZATION AND HISTORY

12 Months Ended

Jun. 30, 2012

1. ORGANIZATION AND HISTORY

The Company was incorporated in the State of Nevada on July 27, 2004, under the name of Mobridge Explorations, Inc. Since inception, the Company was primarily engaged in the acquisition and exploration of mineral properties. Pursuant to a mineral property option agreement dated July 6, 2005, the Company was granted an option to acquire a 100% undivided right, title and interest in a total of 15 mineral claim units, known as the Chambers Township claim block, located in the Sudbury Mining Division of Ontario, Canada. On November 1, 2006, the mineral property option agreement was terminated.

Effective April 30, 2007, the Company completed a merger with its’ wholly-owned subsidiary, PetroSouth Energy Corp. The sole purpose of the merger was to change the name of the Company from Mobridge Explorations Inc. to PetroSouth Energy Corp. and the subsidiary company was incorporated solely for such purpose. Concurrently with this merger, the Company effected a ten for one stock split of its’ authorized, issued and outstanding common stock. As a result, its’ authorized capital increased from 75,000,000 shares of common stock with a par value of $0.001 to 750,000,000 shares of common stock with a par value of $0.001.

During the year ended June 30, 2007, the Company abandoned the mineral property located in the Province of Ontario, Canada and focused its effort on expanding its operations in the oil and gas industry through additional equity financing and acquisitions. On October 2, 2007, the Company completed the acquisition of all of the issued and outstanding common stock of PetroSouth Energy Corp. BVI, a privately-owned British Virgin Islands corporation engaged in oil and gas exploration. As a result of the share purchase transaction, PetroSouth Energy Corp. BVI became a wholly-owned subsidiary of the Company. All operations and efforts of the Company are focused in the oil and gas industry and are subject to the related risks of the industry.

Effective April 11, 2008, the Company completed a merger with its’ wholly-owned subsidiary, West Canyon Energy Corp., a Nevada corporation. The sole purpose of the merger was to change the name of the Company from PetroSouth Energy Corp. to West Canyon Energy Corp. and the subsidiary company was incorporated solely for such purpose.

Effective November 7, 2008, the Company effected a five for one reverse stock split of its authorized, issued and outstanding common stock. As a result, its authorized capital decreased from 750,000,000 shares of common stock with a par value of $0.001 to 150,000,000 shares of common stock with a par value of $0.001.

The effects of the stock splits noted above have been reflected in the Company’s financial statements as if the stock splits were effective at the Company’s inception on July 27, 2004.

The Company is an Exploration Stage Company as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic No. 915. Unless otherwise specified, all dollar amounts are expressed in United States dollars.

Going Concern

These consolidated financial statements have been prepared on a going concern basis. We have incurred losses since inception (July 27, 2004) resulting in an accumulated deficit of $7,953,549 and further losses are anticipated in the development of the business, raising substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary capital and financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event we cannot continue as a going concern.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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+ Details

WEST CANYON ENERGY CORP. 10-K