Oil and Gas Properties |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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May 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extractive Industries [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oil and Gas Properties | Note 3 – Oil and Gas Properties
The following table summarizes the Company’s oil and gas activities by classification for the three months ended May 31, 2025:
The depletion recorded for production on proved properties for the three months ended May 31, 2025 and 2024, amounted to $14,569 and $23,275, respectively. During the three months ended May 31, 2025 and 2024, there were no ceiling test write-downs of the Company’s oil and gas properties.
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