Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended		85 Months Ended
	Nov. 30, 2011	Nov. 30, 2010	Nov. 30, 2011
Cash flows from operating activities:
Net income (loss)	$ 8,902,410	$ (4,409,110)	$ (35,231,216)
Adjustments to reconcile net loss to net cash from (used in) operations:
Donated services and rent			21,000
Depreciation	18,520	6,796	30,581
Accretion of convertible debt discount	13,401	8,376	2,608,157
Loss on debt conversion	4,171,173	678,900	4,886,823
Fees payable in stock and warrants	(4,364)		(7,374)
Finance fees paid in stock and warrants		(514,500)	7,755,794
Gain on settlement of accounts payable	(14,417,928)		(17,727,691)
Impairment of oil and gas assets			10,046,683
Impairment of goodwill		397,575	397,575
Gain of VAT receivable written off			(78,451)
Stock issued for services	875,568	3,447,112	4,335,180
Changes in operating assets and liabilities:
Accounts receivable	(46,142)		(46,142)
VAT Refund and other receivables			78,451
Accounts payable and accrued expenses	(6,100)		18,300,888
Accrued interest	366,279	362,345	1,570,871
Accrued interest, related parties	7,615		18,792
Net cash used in operating activities	(119,568)	(22,506)	(3,040,079)
Cash flows from investing activities:
Cash acquired from acquisitions	60	9	69
Advances to related entities		(22,500)	(22,500)
Proceeds (investment) in oil and gas interests			(7,702,687)
Net cash from (used in) investing activities	60	(22,491)	(7,725,118)
Cash flows from financing activities:
Proceeds from issuance of common stock			6,196,900
Proceeds from issuance of notes payable		45,000	4,445,000
Advances from officer	70,505		74,294
Advances from director	49,022		49,022
Advances from related parties			34,000
Repayments of advances from related parties			(34,000)
Net cash from financing activities	119,527	45,000	10,765,216
Net increase in cash	19	3	19
Cash at beginning of period
Cash at end of period	19	3	19
Cash paid for interest			16,667
Cash paid for taxes
Non-cash investing and financing activities:
Common stock issued in conversion of notes payable and accrued interest, related parties	4,468,000	716,900	5,222,400
Common stock issued in conversion of notes payable	79,723		79,723
Cancellation of subscriptions for 52,000,000 shares of common stock		26,000,000	26,000,000
Issuance of 1,750,000 shares of common stock for acquisition of 1536692 Ontario, Inc.		96,250	96,250
Benefical conversion feature on convertible debt		32,665	2,608,157
Issuance of 52,000,000 common stock subscriptions			26,000,000
Issuance of 4,080,000 shares of common stock for oil and gas interests			$ 1,965,702

FOX PETROLEUM INC. 10-Q/A