CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended		107 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (4,340,501)	$ (504,348)	$ (19,474,772)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	1,416	237	2,503
Stock based compensation			2,430,595
Write off of management fees			(229,423)
Impairment of oil and gas properties			6,708,952
Abandonment expense			50,000
Financing costs			424,660
CHANGES IN OPERATING ASSETS AND LIABILITIES
Interest accrued-loans payable and convertible notes	49,432	16,760	97,993
Interest accrued-derivative	3,648,697		3,648,697
Prepaid expenses and other	(4,164)	(36,871)	(22,952)
Due to related parties accrued	14,755	188,329	292,001
Accounts payable and accrued liabilities	(1,388)	55,316	604,042
NET CASH USED IN OPERATING ACTIVITIES	(631,753)	(280,577)	(5,467,704)
CASH FLOWS FROM INVESTING ACTIVITIES
Oil and gas property expenditures, net			(3,610,003)
Goodwill			(2,841)
Proceeds from sale of partial equity interest in oil and gas property, net			253,552
Acquisition of Glob Media, net of cash received		187	187
NET CASH FLOWS USED IN INVESTING ACTIVITIES		187	(3,359,105)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds on sale and subscriptions of common stock			5,021,595
Drilling advances			759,000
Proceeds from loan payable		85,000	701,538
Payments on loan payable
Proceeds from convertible promissory notes	634,651		634,651
Payments to related parties			(1,815,000)
Proceeds from related parties		191,586	3,535,500
NET CASH PROVIDED BY FINANCING ACTIVITIES	634,651	276,586	8,837,284
INCREASE (DECREASE) IN CASH	2,900	(3,804)	10,475
CASH, BEGINNING OF PERIOD	7,575	4,119
CASH, END OF PERIOD	10,475	315	10,475
SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH INVESTING AND FINANCING ACTIVITIES:
Cash paid for interest			48,387
Common stock issued for acquisition of Glob Media		272,272	272,272
Net liabilities assumed in acquisition of Glob Media		272,085	272,085
Common stock issued for acquisition of oil and gas property			3,950,000
Transfer of bond against settlement of debt			25,000
Non-cash sale of oil and gas property			65,000
Forgiveness of debt			229,423
Common stock issued for settlement of debts		$ 135,000	$ 3,196,997
Common stock issued for conversion of notes payable	279,218		279,218

TagLikeMe Corp. 10-Q