Cash Flow Statement

Currency: USD

	Apr-2005	Jul-2005	Oct-2005	Jan-2006	Apr-2006	Jul-2006	Oct-2006	Jan-2007	Apr-2007	Jul-2007	Oct-2007	Jan-2008	Apr-2008	Jul-2008	Oct-2008	Jul-2012	Jul-2013
Operating Cash Flow
Net Income	0	0	0	0	(0)	(1)	(2)	(6)	(9)	(18)	(17)	(14)	(12)	(3)	(2)	1	(0)
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	0	0
Other Non-Cash Items	0	0	0	0	0	0	1	1	8	10	10	10	10	1	1	(1)	0
Cash Taxes Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Interest Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0
Change in Working Capital	0	(0)	(0)	(0)	0	0	0	4	0	7	7	3	0	0	(0)	(0)	(0)
Cash from Operating Activities	0 N/A	0 -71%	0 N/A	0 N/A	(0) N/A	(0) -617%	(1) -270%	(1) +34%	(1) -56%	(1) +10%	(0) +76%	(1) -163%	(0) +32%	0 N/A	0 -92%	(0) N/A	(0) +89%
Investing Cash Flow
Capital Expenditures	0	0	0	0	0	(1)	(3)	(5)	(7)	(6)	(6)	(5)	(3)	(3)	(0)	0	0
Other Items	0	0	0	0	0	0	0	(0)	(0)	0	0	0	0	0	0	0	0
Cash from Investing Activities	0 N/A	0 N/A	0 N/A	0 N/A	0 N/A	(1) N/A	(3) -367%	(5) -46%	(7) -35%	(6) +8%	(6) +3%	(5) +22%	(3) +37%	(3) +6%	(0) +91%	0 N/A	0 N/A
Financing Cash Flow
Net Issuance of Common Stock	0	0	0	(0)	0	1	5	7	8	7	3	1	0	0	0	0	0
Net Issuance of Debt	0	0	0	0	0	0	0	0	0	0	4	4	4	4	(0)	0	0
Other	0	0	0	0	0	0	0	0	0	0	(1)	(1)	(1)	0	(0)	0	0
Cash from Financing Activities	0 N/A	0 N/A	0 N/A	(0) N/A	0 N/A	1 +2 300%	5 +321%	7 +40%	8 +16%	7 -12%	6 -10%	4 -34%	3 -21%	3 -9%	(0) N/A	0 N/A	0 -92%
Change in Cash
Net Change in Cash	0 N/A	0 -71%	0 N/A	(0) N/A	0 N/A	0 +3 400%	0 +200%	1 +200%	0 -82%	(0) N/A	0 N/A	(1) N/A	(0) +96%	0 N/A	(0) N/A	0 N/A	(0) N/A
Free Cash Flow
Free Cash Flow	0 N/A	0 -71%	0 N/A	0 N/A	(0) N/A	(1) -2 204%	(5) -337%	(6) -21%	(8) -39%	(7) +8%	(6) +15%	(5) +12%	(3) +36%	(3) +25%	(0) +90%	(0) -14%	(0) +89%

True North Energy Corp
OTC:TNEN