RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)
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3 Months Ended | 9 Months Ended | 22 Months Ended | |||
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May 31, 2013
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May 31, 2012
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May 31, 2013
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May 31, 2012
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May 31, 2013
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Aug. 22, 2011
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Related Party Transactions [Abstract] | ||||||
Stock Issued For Cash, Shares | 100,000,000 | |||||
Stock Issued For Cash, Value | $ 10,000 | |||||
Date of Resignations | Oct. 26, 2011 | |||||
Sale Of Stock Number Of Shares | 100,000,000 | |||||
Date that the Aircraft Use Management Agreement With Elite Aviation VGT Entered | Sep. 01, 2011 | |||||
Date that the Aircraft Use Management Agreement With Elite Aviation VGT LLC Terminated | Nov. 01, 2012 | |||||
Date that the Helicopter Lease Agreement Entered | Nov. 01, 2011 | |||||
Revenue Per Hobb Hour | 185 | |||||
Average rental rate | 198 | |||||
Revenue | 39,415 | 36,430 | 88,260 | 86,146 | 217,725 | |
Aircraft fees | 9,880 | |||||
Fuel | 9,909 | 8,435 | 19,947 | 35,705 | ||
Management fees | 6,193 | 4,853 | 15,264 | 24,646 | ||
Costs of operations | $ 23,168 |
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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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The capitalized costs incurred during the period (excluded from amortization) to operate and maintain wells and related equipment and facilities, including depreciation and applicable operating costs of support equipment and facilities and other costs of operating and maintaining those wells and related equipment and facilities. They become part of the cost of oil and gas produced. Examples of production costs (sometimes called lifting costs) are: costs of labor to operate the wells and related equipment and facilities; repairs and maintenance; materials, supplies, and fuel consumed and supplies utilized in operating the wells and related equipment and facilities; property taxes and insurance applicable to proved properties and wells and related equipment and facilities; severance taxes; some support equipment or facilities may serve two or more oil and gas producing activities and may also serve transportation, refining, and marketing activities. To the extent that the support equipment and facilities are used in oil and gas producing activities, their depreciation and applicable operating costs become exploration, development or production costs, as appropriate. Depreciation, depletion, and amortization of capitalized acquisition, exploration, and development costs are not production costs but also become part of the cost of oil and gas produced along with production (lifting) costs identified above. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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