Note 4 - Oil and Gas Property |
9 Months Ended |
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Apr. 30, 2025 | |
Notes to Financial Statements | |
Oil and Gas, Property and Equipment [Text Block] |
NOTE 4 — OIL AND GAS PROPERTY
On April 11, 2025, the Company and Lost Creek Acquisitions, LLC entered into a Purchase Agreement, whereby the Company purchased the rights to the Phase I Wells. The purchase price is $25,000 cash and 4,000,000 shares of common Stock. The shares were valued at $0.0668, the closing stock price on April 11, 2025, for a value of $267,200. As of April 11, 2025, $12,500 of the $25,000 has been paid and the shares are disclosed as common stock to be issued. The total purchase price was $292,200, which has been capitalized to the balance sheet. |