OIL AND GAS PROPERTIES (Tables)

3 Months Ended

Jan. 31, 2013

Property, Plant and Equipment, Schedule of Significant Acquisitions and Disposals [Table Text Block]

The following table presents information regarding the Company’s net costs incurred in the purchase of proved and unproved properties and in exploration and development activities:

	January 31, 2013		April 30, 2012
Property acquisition costs:
Proved	$	1,983,105	$	1,983,105
Unproved		2,993,305		2,993,305
Exploration costs		42,628		42,628
Development costs		51,800		286,225
Totals	$	5,070,838	$	5,305,263

Unproved Properties Disclosure [Table Text Block]

As January 31, 2013 and April 30, 2012, the Company’s unproved properties consist of leasehold acquisition costs in the following geographical areas:

	January 31, 2013		April 30, 2012
Kentucky	$	2,489,026	$	2,489,026
West Virginia		332,625		332,625
Tennesee		97,500		97,500
Texas		74,154		74,154

Totals	$	2,993,305	$	2,993,305

Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure [Table Text Block]

The following table sets forth a summary of oil and gas property costs not being amortized as of January 31, 2013, by the year in which such costs were incurred:

Costs Incurred During Periods Ended
	Balance 1/31/13		4/30/12		4/30/11		Prior

Acquisition costs	$	2,993,305	$	168,336	$	2,521,601	$	303,968
Exploration costs		-		-		-		-

Total	$	2,993,305	$	168,336	$	2,521,601	$	303,968

- Definition

Tabular disclosure of the aggregate of costs (whether the costs are capitalized or charged to expense at the time they are incurred ) incurred for the year in oil and gas property acquisition, exploration and development activities.

+ References+ Details

Alamo Energy Corp. 10-Q