Century Petroleum Corp.
(An Exploration Stage Company)
Balance Sheet
(Expressed in US dollars)
(unaudited)

              October 31,      
              2007      
ASSETS                    
Current Assets                    
Cash      $      414,661      
Prepaid expenses and other current assets             50,475      
Total Current Assets             465,136      
Property and Equipment, net             3,448      
Intangible Assets, net             10,627      
Oil and Gas Interest (full cost method) (Note 2)             5,711,655      
Total Assets      $      6,190,866      
                     
LIABILITIES AND STOCKHOLDERS’ EQUITY                    
Current Liabilities                    
Accounts payable      $      13,218      
Accounts payable-related party (Note 5(a))             100      
Accrued liabilities             158,177      
Due to related party (Note 5(a))             2,000      
Total Liabilities             173,495      
Stockholders’ Equity                    
Preferred Stock, 7,000,000 shares authorized, $0.001 par value                    
none issued and outstanding             –      
Common Stock, 483,000,000 shares authorized, $0.001 par value                    
68,743,071 shares issued and outstanding             68,743      
Additional Paid-in Capital             16,817,877      
Common Stock Subscribed (128,333 shares to be issued)             101,383      
Deferred Compensation             (7,560,000      )
Deficit Accumulated During the Exploration Stage             (3,410,632      )
Total Stockholders’ Equity             6,017,371      
Total Liabilities and Stockholders’ Equity      $      6,190,866