SUPPLEMENTAL INFORMATION ON OIL AND GAS EXPLORATION, DEVELOPMENT AND PRODUCTION ACTIVITIES (UNAUDITED) (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Extractive Industries [Abstract] |
|
| SCHEDULE OF OIL AND GAS REVENUES AND LEASE OPERATING EXPENSES |
The
following table shows the Company’s oil and gas revenues and lease operating expenses incurred in the United States
from the date of the Share Exchange through December 31, 2025:
SCHEDULE
OF OIL AND GAS REVENUES AND LEASE OPERATING EXPENSES
| | |
2025 | | |
2024 | |
| Revenues | |
$ | 410,632 | | |
$ | - | |
| Production Cost | |
$ | 429,022 | | |
$ | - | |
|
| CAPITALIZED COSTS AND ACCUMULATED DEPLETION RELATING TO OIL AND GAS PRODUCTION ACTIVITIES |
Capitalized
costs and accumulated depletion relating to the Company’s oil and gas producing activities as of December 31, 2025, all of which
are onshore properties located in the United States are summarized below:
CAPITALIZED
COSTS AND ACCUMULATED DEPLETION RELATING TO OIL AND GAS PRODUCTION ACTIVITIES
| | |
Total | |
| Unproved properties not being amortized | |
$ | - | |
| Proved properties being amortized | |
| 1,362,250 | |
| Accumulated depletion and impairment | |
| (624,213 | ) |
| | |
| | |
| Net capitalized costs | |
$ | 738,037 | |
|
| SCHEDULE OF PROVED DEVELOPED PROVED NON-PRODUCING AND UNDEVELOPED RESERVES |
Total
estimated proved developed, proved non-producing, and undeveloped reserves by product type and the changes therein are set forth below
for the years indicated.
SCHEDULE
OF PROVED DEVELOPED PROVED NON-PRODUCING AND UNDEVELOPED RESERVES
| | |
United States | |
| | |
Gas (mcf) | | |
Oil (bbls) | | |
Natural Gas Liquids (gallons) | |
| Total proved reserves | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | |
| Balance December 31, 2024 | |
| - | | |
| - | | |
| - | |
| Acquired in Share Exchange | |
| 418,190 | | |
| 46,390 | | |
| 1,462,250 | |
| Revisions to prior estimates | |
| 17,531 | | |
| (7,547 | ) | |
| 240,281 | |
| Production | |
| (51,051 | ) | |
| (5,853 | ) | |
| (131,501 | ) |
| | |
| | | |
| | | |
| | |
| Balance December 31, 2025 | |
| 384,670 | | |
| 32,990 | | |
| 1,571,030 | |
| | |
| | | |
| | | |
| | |
| Proved developed reserves at December 31, 2025 | |
| 384,670 | | |
| 32,990 | | |
| 1,571,030 | |
| | |
| | | |
| | | |
| | |
| Proved undeveloped reserves | |
| - | | |
| - | | |
| - | |
|
| SCHEDULE OF PROVED DEVELOPED AND UNDEVELOPED RESERVES BY PRODUCT TYPE |
Standardized
measure of discounted future net cash flows at December 31, 2025:
SCHEDULE OF PROVED DEVELOPED AND
UNDEVELOPED RESERVES BY PRODUCT TYPE
| | |
Total | |
| Future cash flows from sales of oil and gas | |
$ | 3,256,950 | |
| Future production cost | |
| (944,770 | ) |
| Future development cost | |
| (32,248 | ) |
| Future net cash flows | |
| 2,279,932 | |
| 10% annual discount for timing of cash flow | |
| (1,541,892 | ) |
| | |
| | |
| Standardized measure of discounted future net cash flow relating to proved oil and gas reserves | |
$ | 738,040 | |
| | |
| | |
| Changes in standardized measure: | |
| | |
| Change due to current year operations | |
$ | (92,295 | ) |
| Change due to revisions in standardized variables: | |
| - | |
| Accretion of discount | |
| 11,164 | |
| Net change in sales and transfer price, net of production costs | |
| (105,262 | ) |
| Net change in future development cost | |
| (123,380 | ) |
| Discoveries | |
| - | |
| Revision and others | |
| 43,520 | |
| Changes in production rates and other | |
| (118,977 | ) |
| | |
| | |
| Net changes during the current year | |
| (385,230 | ) |
| | |
| | |
| Acquired in Share Exchange | |
| 1,123,270 | |
| | |
| | |
| Beginning of year | |
| - | |
| | |
| | |
| End of year | |
$ | 738,040 | |
|