v3.25.2
Consolidated Balance Sheets - USD ($)
May 31, 2025
Feb. 28, 2025
Current Assets    
Cash $ 87,388 $ 85,627
Account receivable - oil & gas 14,106 27,223
Total Current Assets 101,494 112,850
Oil and Gas Property - Full Cost Method    
Properties subject to amortization 3,226,607 3,243,322
Less: accumulated depletion and impairment (3,010,406) (2,995,837)
Total Oil and Gas Property, net 216,201 247,485
Total Assets 317,695 360,335
Current Liabilities    
Accounts payable and accrued expenses 140,490 126,355
Total Current Liabilities 140,490 126,355
Asset retirement obligations 384,268 400,983
Total Liabilities 4,591,638 4,466,870
Commitments and Contingencies (see Note 6)
Stockholders’ Deficit    
Preferred stock, value
Common stock, $0.001 par value per share, 150,000,000 shares authorized; 108,245,688 shares issued and outstanding 108,246 108,246
Additional paid-in capital 7,658,050 7,658,050
Accumulated deficit (12,041,239) (11,873,831)
Total Stockholder’s Deficit (4,273,943) (4,106,535)
Total Liabilities and Stockholders’ Deficit 317,695 360,335
Series A Convertible Preferred Stock [Member]    
Stockholders’ Deficit    
Preferred stock, value 1,000 1,000
Related Party [Member]    
Current Liabilities    
Convertible note payable - related party 3,400,000 3,300,000
Accounts payable and accrued expenses - related parties-long term $ 666,880 $ 639,532