Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Accrued Liabilities

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Note 8 - Accrued Liabilities
3 Months Ended
Nov. 30, 2011
Note 8 - Accrued Liabilities Disclosure  
Note 8 - Accrued Liabilities
NOTE 8 - ACCRUED LIABILITIES

At November 30, 2011, the Company had accrued liabilities of $117,400, of which $91,300 was for estimated property taxes and $26,100 was for professional fees.

At August 31, 2011, the Company had accrued liabilities of $118,600, of which $62,400 was for estimated property taxes on the Sky Ranch property, $49,500 was for professional fees, and the remaining $6,700 was related to operating payables.