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<p id="xdx_803_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock_zbFWKEkaWbae" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; padding: 0pt; text-align: justify">Note 1 – Organization, Nature of Operations and Summary of Significant Accounting Policies Norris Industries, Inc. (“NRIS” or the “Company”), was incorporated on February 19, 2014, as a Nevada corporation. The Company was formed to conduct operations in the oil and gas industry. The Company’s principal operating properties are in the Ellenberger formation in Coleman County, and in Jack County and Palo-Pinto County, Texas. The Company’s production operations are all located in the State of Texas. On April 25, 2018, the Company incorporated a Texas registered subsidiary, Norris Petroleum, Inc., as an operating entity. Basis of Presentation The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report filed with the SEC on Form 10-K for the year ended February 28, 2026. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. The Company’s consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and entities in which the Company has a controlling financial interest. All significant inter-company accounts and transactions have been eliminated in consolidation. Liquidity and Capital Considerations The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the issuance date of these condensed consolidated financial statements. The timeline and potential magnitude of the various conflicts around the world, as happened recently in the middle east, and its impact on the Company’s future operations is currently unknown. The Company has incurred continuing losses since 2016, including a loss of $661,431 and $242,318 for the fiscal year ended February 28, 2026, and the three-month period ended May 31, 2026, respectively. During the three months ended May 31, 2026, the Company incurred cash losses of approximately $212,000 from its operating activities. As of May 31, 2026, the Company had a cash balance of approximately $34,000 and negative working capital of approximately $166,000. The Company’s principal capital and exploration expenditures during next fiscal year are expected to relate to selected well workovers on its Jack and Palo Pinto County acreages. The condensed consolidated financial statements of the Company have been prepared on a going concern basis. As of May 31, 2026, the Company incurred a net loss of $242,318 and experienced recurring negative cash flows from operations. The Company believes that it has sufficient cash on hand and available funds from its credit line to fund its costs for such expenditures as well as other operating costs, for the 12-month period subsequent to the issuance of these condensed consolidated financial statements. The Company has availability of $800,000 on its existing credit line with JBB. If such funding were not available and historical losses continued, then there would be substantial doubt about the company’s ability to continue. Given its history of losses, we are dependent on continued outside funding to cover our deficit spending. In the event that the Company requires additional capital to fund higher operational losses or oil and gas property lease purchases for the next 12 months, the Company expects to seek additional capital from one or more sources via restricted private placement sales of equity and debt securities from those other than JBB. However, there can be no assurance that the Company would be able to secure the necessary capital to fund its costs on acceptable terms, or at all. If, for any reason, the Company is unable to fund its operations, it would have to undertake other aggressive cost-cutting measures and then be subject to possible loss of some of its rights and interests in prospects to curtail operations and forced to forego opportunities or in worst case, cease operations. As a result of management’s plan above, our current amount of cash on hand, and our historical ability to raise capital, management has concluded that substantial doubt of our ability to continue as a going concern has been alleviated. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expense during the period. Actual results could differ from those estimates. Risks and Uncertainties The Company’s operations are subject to significant risks and uncertainties, including financial, operational, technological, and other risks associated with operating an emerging business, including the potential risk of business failure. Net Loss per Common Share Basic net loss per common share amounts are computed by dividing the net loss available to. The Company’s shareholders by the weighted average number of common shares outstanding over the reporting period. In periods in which the Company reports a net loss, dilutive securities are excluded from the calculation of diluted earnings per share as the effect would be anti-dilutive. The following table summarizes the common stock equivalents excluded from the calculation of diluted net loss per common share as the inclusion of these shares would be anti-dilutive for the three months ended May 31, 2026, and 2025: <p id="xdx_895_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zSc9fY5698q" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; padding: 0pt; text-align: justify"> Schedule of Antidilitive Securities Excluded from Computation of Earning Per Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260301__20260531_zYJ1pA0X2pfa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250301__20250531_zSdfNG3dhPql" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_403_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--SeriesAConvertiblePreferredStockMember_zMToZj97w2kj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Series A Convertible Preferred Stock</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">66,666,667</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_zKUM0CXjPwA2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Convertible debt</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,750,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">18,500,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zrj5k2MQQL41" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total common shares to be issued</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">24,750,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">85,166,667</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Concentrations of Credit Risk Financial instruments which potentially subject the Company to concentrations of credit risk include cash deposits placed with financial institutions. The Company maintains its cash in bank accounts which, at times, may exceed federally insured limits as guaranteed by the Federal Deposit Insurance Corporation (“FDIC”). At May 31, 2026, $-0- of the Company’s cash balances was uninsured. The Company has not experienced any losses on such accounts. Recently Issued Financial Accounting Standards From time to time, new accounting pronouncements are issued by the FASB or other standards setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards that are not yet effective will not have a material impact on the Company’s financial position, results of operations or cash flows upon adoption.

Basis of Presentation The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report filed with the SEC on Form 10-K for the year ended February 28, 2026. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. The Company’s consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and entities in which the Company has a controlling financial interest. All significant inter-company accounts and transactions have been eliminated in consolidation.

Liquidity and Capital Considerations The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the issuance date of these condensed consolidated financial statements. The timeline and potential magnitude of the various conflicts around the world, as happened recently in the middle east, and its impact on the Company’s future operations is currently unknown. The Company has incurred continuing losses since 2016, including a loss of $661,431 and $242,318 for the fiscal year ended February 28, 2026, and the three-month period ended May 31, 2026, respectively. During the three months ended May 31, 2026, the Company incurred cash losses of approximately $212,000 from its operating activities. As of May 31, 2026, the Company had a cash balance of approximately $34,000 and negative working capital of approximately $166,000. The Company’s principal capital and exploration expenditures during next fiscal year are expected to relate to selected well workovers on its Jack and Palo Pinto County acreages. The condensed consolidated financial statements of the Company have been prepared on a going concern basis. As of May 31, 2026, the Company incurred a net loss of $242,318 and experienced recurring negative cash flows from operations. The Company believes that it has sufficient cash on hand and available funds from its credit line to fund its costs for such expenditures as well as other operating costs, for the 12-month period subsequent to the issuance of these condensed consolidated financial statements. The Company has availability of $800,000 on its existing credit line with JBB. If such funding were not available and historical losses continued, then there would be substantial doubt about the company’s ability to continue. Given its history of losses, we are dependent on continued outside funding to cover our deficit spending. In the event that the Company requires additional capital to fund higher operational losses or oil and gas property lease purchases for the next 12 months, the Company expects to seek additional capital from one or more sources via restricted private placement sales of equity and debt securities from those other than JBB. However, there can be no assurance that the Company would be able to secure the necessary capital to fund its costs on acceptable terms, or at all. If, for any reason, the Company is unable to fund its operations, it would have to undertake other aggressive cost-cutting measures and then be subject to possible loss of some of its rights and interests in prospects to curtail operations and forced to forego opportunities or in worst case, cease operations. As a result of management’s plan above, our current amount of cash on hand, and our historical ability to raise capital, management has concluded that substantial doubt of our ability to continue as a going concern has been alleviated.

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Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expense during the period. Actual results could differ from those estimates.

Risks and Uncertainties The Company’s operations are subject to significant risks and uncertainties, including financial, operational, technological, and other risks associated with operating an emerging business, including the potential risk of business failure.

Net Loss per Common Share Basic net loss per common share amounts are computed by dividing the net loss available to. The Company’s shareholders by the weighted average number of common shares outstanding over the reporting period. In periods in which the Company reports a net loss, dilutive securities are excluded from the calculation of diluted earnings per share as the effect would be anti-dilutive. The following table summarizes the common stock equivalents excluded from the calculation of diluted net loss per common share as the inclusion of these shares would be anti-dilutive for the three months ended May 31, 2026, and 2025: <p id="xdx_895_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zSc9fY5698q" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; padding: 0pt; text-align: justify"> Schedule of Antidilitive Securities Excluded from Computation of Earning Per Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260301__20260531_zYJ1pA0X2pfa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250301__20250531_zSdfNG3dhPql" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_403_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--SeriesAConvertiblePreferredStockMember_zMToZj97w2kj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Series A Convertible Preferred Stock</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">66,666,667</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_zKUM0CXjPwA2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Convertible debt</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,750,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">18,500,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zrj5k2MQQL41" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total common shares to be issued</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">24,750,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">85,166,667</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

<p id="xdx_895_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zSc9fY5698q" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; padding: 0pt; text-align: justify"> Schedule of Antidilitive Securities Excluded from Computation of Earning Per Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260301__20260531_zYJ1pA0X2pfa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250301__20250531_zSdfNG3dhPql" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_403_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--SeriesAConvertiblePreferredStockMember_zMToZj97w2kj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Series A Convertible Preferred Stock</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">66,666,667</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertibleDebtMember_zKUM0CXjPwA2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Convertible debt</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">24,750,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">18,500,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zrj5k2MQQL41" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total common shares to be issued</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">24,750,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">85,166,667</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

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24750000

85166667

Concentrations of Credit Risk Financial instruments which potentially subject the Company to concentrations of credit risk include cash deposits placed with financial institutions. The Company maintains its cash in bank accounts which, at times, may exceed federally insured limits as guaranteed by the Federal Deposit Insurance Corporation (“FDIC”). At May 31, 2026, $-0- of the Company’s cash balances was uninsured. The Company has not experienced any losses on such accounts.

Recently Issued Financial Accounting Standards From time to time, new accounting pronouncements are issued by the FASB or other standards setting bodies and adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards that are not yet effective will not have a material impact on the Company’s financial position, results of operations or cash flows upon adoption.

Note 2 – Revenues from Contracts with Customers Disaggregation of Revenues from Contracts with Customers The following table disaggregates revenue by significant product types for the three months ended May 31, 2026 and 2025: Schedule of Disaggregation of Revenue <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" id="xdx_492_20260301__20260531_zhXwnTrWGpTe" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_495_20250301__20250531_zefFN6N00cgl" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended May 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_403_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ReserveQuantitiesByTypeOfReserveAxis__srt--OilReservesMember_zMoWMoox4Rj5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Oil sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">80,842</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">71,507</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ReserveQuantitiesByTypeOfReserveAxis__srt--NaturalGasReservesMember_zaV7kp6qQBJc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Natural gas sales</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">9,516</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,263</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zsSXmgq5dgM" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">90,358</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">92,770</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zxlTkAKemqvl" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-bottom: 2.5pt">Revenue from contracts with customers</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">90,358</td><td style="display: none; padding-bottom: 2.5pt; text-align: left"> </td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">92,770</td><td style="display: none; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> There were no significant contract liabilities or transaction price allocations to any remaining performance obligations as of May 31, 2026 and February 28, 2026.

The following table disaggregates revenue by significant product types for the three months ended May 31, 2026 and 2025: Schedule of Disaggregation of Revenue <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" id="xdx_492_20260301__20260531_zhXwnTrWGpTe" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_495_20250301__20250531_zefFN6N00cgl" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended May 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_403_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ReserveQuantitiesByTypeOfReserveAxis__srt--OilReservesMember_zMoWMoox4Rj5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Oil sales</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">80,842</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">71,507</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_hsrt--ReserveQuantitiesByTypeOfReserveAxis__srt--NaturalGasReservesMember_zaV7kp6qQBJc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Natural gas sales</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">9,516</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,263</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zsSXmgq5dgM" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">90,358</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">92,770</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_zxlTkAKemqvl" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="display: none; padding-bottom: 2.5pt">Revenue from contracts with customers</td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">90,358</td><td style="display: none; padding-bottom: 2.5pt; text-align: left"> </td><td style="display: none; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; display: none; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; display: none; text-align: right">92,770</td><td style="display: none; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

80842

71507

9516

21263

90358

92770

90358

92770

Note 3 – Oil and Gas Properties <p id="xdx_899_eus-gaap--ResultsOfOperationsForOilAndGasProducingActivitiesDisclosureTextBlock_zHXej90d5OX1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; padding: 0pt; text-align: justify">The following table summarizes the Company’s oil and gas activities by classification for the three months ended May 31, 2026: Summary of Oil and Gas Activities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 28, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Additions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in Estimates</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Oil and gas properties, subject to depletion</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--CapitalizedCostsOilAndGasProducingActivitiesGross_iS_c20260301__20260531_zADDcjcjN92a" style="width: 12%; text-align: right" title="Oil and gas properties, subject to depletion, beginning balance">2,930,237</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--CostsIncurredAcquisitionOfOilAndGasProperties_c20260301__20260531_zux0kGC7vqBc" style="width: 12%; text-align: right" title="Oil and gas properties, subject to depletion, additions">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--GainLossOnSaleOfOilAndGasProperty_c20260301__20260531_z0Aq8X513p81" style="width: 12%; text-align: right" title="Oil and gas properties, subject to depletion, change in estimates">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--CapitalizedCostsOilAndGasProducingActivitiesGross_iE_pp0p0_c20260301__20260531_zI6KWFxZTbVf" style="width: 12%; text-align: right" title="Oil and gas properties, subject to depletion, ending balance">2,930,237</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Asset retirement costs</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--CapitalizedCostsAssetRetirementCosts_iS_c20260301__20260531_z64m1iNUlNR1" style="text-align: right" title="Asset retirement costs, beginning balance">279,829</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ResultsOfOperationsAccretionOfAssetRetirementObligations_iN_di_c20260301__20260531_zrco49z3o3u9" style="text-align: right" title="Asset retirement costs, addtions">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--IncreaseDecreaseInAssetRetirementObligations_c20260301__20260531_zA6sZ2gsGR23" style="text-align: right" title="Asset retirement costs, change in estimates">(116,362</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--CapitalizedCostsAssetRetirementCosts_iE_c20260301__20260531_zKRtOq59Q6fh" style="text-align: right" title="Asset retirement costs, ending balance">163,467</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accumulated depletion and impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment_iNS_di_c20260301__20260531_zFSJLa7U2oog" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depletion and impairment, beginning balance">(3,026,793</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivitiesAddition_iN_di_c20260301__20260531_zcjkF4GxOnKe" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depletion and impairment, additions">(2,063</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--CapitalizedCostsAccumulatedDepreciationDepletionImpairmentAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivitiesChangeInExtimates_c20260301__20260531_zYAKQQh8zZsk" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depletion and impairment, change in estimates">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment_iNE_di_c20260301__20260531_znfguTXBV2o3" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depletion and impairment, ending balance">(3,028,856</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total oil and gas assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_eus-gaap--CapitalizedCostsOilAndGasProducingActivitiesNet_iS_c20260301__20260531_zipqLhw3qTqg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total oil and gas assets, beginning balance">183,273</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_ecustom--CostsIncurredAcquisitionOfOilAndGasPropertiesAddtion_c20260301__20260531_zxs8rjT5fqI6" style="border-bottom: Black 2.5pt double; text-align: right" title="Total oil and gas assets, additions">(2,063</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_ecustom--OilAndGasAssetsChangeInExtimates_c20260301__20260531_z6K1q5whVbj" style="border-bottom: Black 2.5pt double; text-align: right" title="Total oil and gas assets, change in estimates">(116,362</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--CapitalizedCostsOilAndGasProducingActivitiesNet_iE_c20260301__20260531_zGC3WC5HBvSf" style="border-bottom: Black 2.5pt double; text-align: right" title="Total oil and gas assets, ending balance">64,848</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The depletion recorded for production on proved properties for the three months ended May 31, 2026 and 2025, amounted to $2,063 and $14,569, respectively. During the three months ended May 31, 2026 and 2025, there were no ceiling test write-downs of the Company’s oil and gas properties.

<p id="xdx_899_eus-gaap--ResultsOfOperationsForOilAndGasProducingActivitiesDisclosureTextBlock_zHXej90d5OX1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; padding: 0pt; text-align: justify">The following table summarizes the Company’s oil and gas activities by classification for the three months ended May 31, 2026: Summary of Oil and Gas Activities <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">February 28, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Additions</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Change in Estimates</td><td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">May 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 36%; text-align: left">Oil and gas properties, subject to depletion</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--CapitalizedCostsOilAndGasProducingActivitiesGross_iS_c20260301__20260531_zADDcjcjN92a" style="width: 12%; text-align: right" title="Oil and gas properties, subject to depletion, beginning balance">2,930,237</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--CostsIncurredAcquisitionOfOilAndGasProperties_c20260301__20260531_zux0kGC7vqBc" style="width: 12%; text-align: right" title="Oil and gas properties, subject to depletion, additions">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--GainLossOnSaleOfOilAndGasProperty_c20260301__20260531_z0Aq8X513p81" style="width: 12%; text-align: right" title="Oil and gas properties, subject to depletion, change in estimates">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--CapitalizedCostsOilAndGasProducingActivitiesGross_iE_pp0p0_c20260301__20260531_zI6KWFxZTbVf" style="width: 12%; text-align: right" title="Oil and gas properties, subject to depletion, ending balance">2,930,237</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Asset retirement costs</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--CapitalizedCostsAssetRetirementCosts_iS_c20260301__20260531_z64m1iNUlNR1" style="text-align: right" title="Asset retirement costs, beginning balance">279,829</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ResultsOfOperationsAccretionOfAssetRetirementObligations_iN_di_c20260301__20260531_zrco49z3o3u9" style="text-align: right" title="Asset retirement costs, addtions">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--IncreaseDecreaseInAssetRetirementObligations_c20260301__20260531_zA6sZ2gsGR23" style="text-align: right" title="Asset retirement costs, change in estimates">(116,362</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--CapitalizedCostsAssetRetirementCosts_iE_c20260301__20260531_zKRtOq59Q6fh" style="text-align: right" title="Asset retirement costs, ending balance">163,467</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accumulated depletion and impairment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment_iNS_di_c20260301__20260531_zFSJLa7U2oog" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depletion and impairment, beginning balance">(3,026,793</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_ecustom--CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivitiesAddition_iN_di_c20260301__20260531_zcjkF4GxOnKe" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depletion and impairment, additions">(2,063</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--CapitalizedCostsAccumulatedDepreciationDepletionImpairmentAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivitiesChangeInExtimates_c20260301__20260531_zYAKQQh8zZsk" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depletion and impairment, change in estimates">-</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment_iNE_di_c20260301__20260531_znfguTXBV2o3" style="border-bottom: Black 1pt solid; text-align: right" title="Accumulated depletion and impairment, ending balance">(3,028,856</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total oil and gas assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_981_eus-gaap--CapitalizedCostsOilAndGasProducingActivitiesNet_iS_c20260301__20260531_zipqLhw3qTqg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total oil and gas assets, beginning balance">183,273</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_ecustom--CostsIncurredAcquisitionOfOilAndGasPropertiesAddtion_c20260301__20260531_zxs8rjT5fqI6" style="border-bottom: Black 2.5pt double; text-align: right" title="Total oil and gas assets, additions">(2,063</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_ecustom--OilAndGasAssetsChangeInExtimates_c20260301__20260531_z6K1q5whVbj" style="border-bottom: Black 2.5pt double; text-align: right" title="Total oil and gas assets, change in estimates">(116,362</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--CapitalizedCostsOilAndGasProducingActivitiesNet_iE_c20260301__20260531_zGC3WC5HBvSf" style="border-bottom: Black 2.5pt double; text-align: right" title="Total oil and gas assets, ending balance">64,848</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

2930237

279829

-116362

163467

3026793

2063

3028856

183273

-2063 -116362

64848

2063

14569

Note 4 – Asset Retirement Obligations The following table summarizes the change in the Company’s asset retirement obligations during the three months ended May 31, 2026: Schedule of Asset Retirement Obligations <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; width: 84%; text-align: justify">Asset retirement obligations as of February 28, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%">$</td> <td id="xdx_984_eus-gaap--AssetRetirementObligationsNoncurrent_iS_c20260301__20260531_zb4m1nhiSex2" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Asset retirement obligations, beginning balance">416,334</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Accretion expense</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td id="xdx_98F_eus-gaap--AssetRetirementObligationAccretionExpense_c20260301__20260531_zhmKNM3AxA5b" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accretion expense">-</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Current period revision of previous estimates</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td id="xdx_988_eus-gaap--AssetRetirementObligationRevisionOfEstimate_iN_di_c20260301__20260531_zDbHV9CCQFd5" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Current period revision of previous estimates">(116,362</td> <td style="font: 10pt Times New Roman, Times, Serif">)</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Asset retirement obligations as of May 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: black 2.25pt double; font: 10pt Times New Roman, Times, Serif">$</td> <td id="xdx_989_eus-gaap--AssetRetirementObligationsNoncurrent_iE_c20260301__20260531_zLm0Ew0zBca1" style="border-bottom: black 2.25pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Asset retirement obligations, ending balance">299,972</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> </table> During the three and three months ended May 31, 2026 and 2025, the Company recognized accretion expense of $-0- and $-0-, respectively.

The following table summarizes the change in the Company’s asset retirement obligations during the three months ended May 31, 2026: Schedule of Asset Retirement Obligations <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; width: 84%; text-align: justify">Asset retirement obligations as of February 28, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%">$</td> <td id="xdx_984_eus-gaap--AssetRetirementObligationsNoncurrent_iS_c20260301__20260531_zb4m1nhiSex2" style="font: 10pt Times New Roman, Times, Serif; width: 13%; text-align: right" title="Asset retirement obligations, beginning balance">416,334</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Accretion expense</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td id="xdx_98F_eus-gaap--AssetRetirementObligationAccretionExpense_c20260301__20260531_zhmKNM3AxA5b" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accretion expense">-</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #CCEEFF"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Current period revision of previous estimates</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif"> </td> <td id="xdx_988_eus-gaap--AssetRetirementObligationRevisionOfEstimate_iN_di_c20260301__20260531_zDbHV9CCQFd5" style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Current period revision of previous estimates">(116,362</td> <td style="font: 10pt Times New Roman, Times, Serif">)</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: white"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Asset retirement obligations as of May 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="border-bottom: black 2.25pt double; font: 10pt Times New Roman, Times, Serif">$</td> <td id="xdx_989_eus-gaap--AssetRetirementObligationsNoncurrent_iE_c20260301__20260531_zLm0Ew0zBca1" style="border-bottom: black 2.25pt double; font: 10pt Times New Roman, Times, Serif; text-align: right" title="Asset retirement obligations, ending balance">299,972</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> </table>

416334

116362

299972

Note 5 – Related Party Transactions Promissory Note to JBB On December 28, 2017, the Company borrowed $<span id="xdx_90E_eus-gaap--ProceedsFromNotesPayable_c20171228__20171228__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zL1FbiWLISM" title="Proceed from loan payable">1,550,000 from JBB to complete the purchases of a series of oil and gas leases (the “Loan Note”). The loan has an interest rate of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20171228__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zrmOqAAqC8ke" title="Loan bears interest rate">3% per annum, a maturity date of December 28, 2018 and is secured by all assets of the Company. The loan is convertible to the Company’s common stock at the conversion rate of $<span id="xdx_90A_eus-gaap--DebtInstrumentConvertibleConversionPrice1_iI_pid_c20171228__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zli4fPIk0Hmf" title="Debt conversion price per share">0.20 per share. On June 26, 2018, the Company and JBB entered into a modification of the existing Loan Note, to add provisions to permit the Company to obtain additional advances under the Loan Note up to a maximum of $<span id="xdx_905_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_c20180626__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--LoanRestructuringModificationNameAxis__custom--ModificationOfExistingLoanMember_zVujnQCbJgRl" title="Maximum of amount permitted to obtain advances">1,000,000. The Company may request an advance in increments of $<span id="xdx_909_eus-gaap--LineOfCreditFacilityIncreaseDecreaseForPeriodNet_c20180626__20180626__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--LoanRestructuringModificationNameAxis__custom--ModificationOfExistingLoanMember_zQGBriYso6x4" title="Increments of line of credit">100,000 no more frequently than every 30 days, provided that (i) it provides a description of the use of proceeds for the advance reasonably acceptable to JBB, and (ii) the Company is not otherwise in default of the Loan Note. The original loan amount and the advances are secured by all the assets of the Company and are convertible into common stock of the Company at the rate of $<span id="xdx_904_eus-gaap--DebtInstrumentConvertibleConversionPrice1_iI_pid_c20180626__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--LoanRestructuringModificationNameAxis__custom--ModificationOfExistingLoanMember_zCyfM40V70qb" title="Debt conversion of price, shares">0.20 per common share, subject to adjustment for any reverse and forward stock splits. The Loan Note may be repaid at any time, without penalty, however, any advance that is repaid before maturity may not be re-borrowed as a further advance. On May 21, 2019, <span id="xdx_90B_eus-gaap--DebtInstrumentMaturityDateDescription_c20190521__20190521__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zWhsTrPuPB8" title="Debt maturity date description">the Company entered into an extension agreement with JBB to extend the maturity of its outstanding Loan Note to <span id="xdx_902_eus-gaap--DebtInstrumentMaturityDate_dd_c20190521__20190521__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zjA8ClRr9KT7" title="Loan maturity date">September 30, 2020. On June 13, 2019, JBB lent the Company $<span id="xdx_905_eus-gaap--ProceedsFromRelatedPartyDebt_c20190613__20190613__us-gaap--DebtInstrumentAxis__custom--SecuredPromissoryNoteMember__us-gaap--CreditFacilityAxis__custom--OdysseyEnterprisesLLCMember_zAUg2vZkfiZe" title="Proceeds from advances">250,000 under a secured promissory note. The funds were used to acquire the remaining working interest in the Marshall Walden oil and gas property from Odyssey Enterprises LLC. The loan has an interest rate of <span id="xdx_90F_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20190613__us-gaap--DebtInstrumentAxis__custom--SecuredPromissoryNoteMember__us-gaap--CreditFacilityAxis__custom--OdysseyEnterprisesLLCMember_zONyZSQhlSFa" title="Loan bears interest rate">5% per annum, a maturity date of <span id="xdx_905_eus-gaap--DebtInstrumentMaturityDate_dd_c20190613__20190613__us-gaap--DebtInstrumentAxis__custom--SecuredPromissoryNoteMember__us-gaap--CreditFacilityAxis__custom--OdysseyEnterprisesLLCMember_zqmIJ5YASfy5" title="Loan maturity date">June 30, 2022, and is secured by all assets of the Company. The loan is convertible into the Company’s common stock at a conversion rate of $<span id="xdx_90A_eus-gaap--DebtInstrumentConvertibleConversionPrice1_iI_pid_c20190613__us-gaap--DebtInstrumentAxis__custom--SecuredPromissoryNoteMember__us-gaap--CreditFacilityAxis__custom--OdysseyEnterprisesLLCMember_zgtWm2wKIEI" title="Debt conversion price per share">0.20 per common share. On October 1, 2019, the Company entered into another amendment of its Loan Note with JBB to increase the line of credit by an additional $<span id="xdx_90D_eus-gaap--LineOfCreditFacilityIncreaseDecreaseForPeriodNet_pp0p0_c20191001__20191001__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zWGr1PHuHgZ" title="Increments of line of credit">500,000, for a total of $<span id="xdx_907_eus-gaap--LineOfCreditFacilityCurrentBorrowingCapacity_iI_c20191001__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zNteDocZ1Fql" title="Line of credit borrowing capacity total">1,500,000, and extend the maturity date for the original note and line of credit to <span id="xdx_90B_eus-gaap--DebtInstrumentMaturityDate_c20191001__20191001__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zJxVl9qrwNge" title="Maturity date">December 31, 2020. On May 29, 2020, <span id="xdx_900_eus-gaap--DebtInstrumentMaturityDateDescription_c20200529__20200529__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zNUt9jz4xJmg" title="Debt maturity date description">the Company entered into an extension agreement with JBB to extend the maturity of its outstanding Loan Note to <span id="xdx_901_eus-gaap--DebtInstrumentMaturityDate_dd_c20200529__20200529__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zKZsRQ5SPEc" title="Loan maturity date">September 30, 2021. On December 22, 2020, <span id="xdx_90A_eus-gaap--DebtInstrumentMaturityDateDescription_c20201222__20201222__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zHy4XmIWwfZa" title="Debt maturity date description">the Company entered into an extension agreement with JBB to extend the maturity of all its outstanding indebtedness under credit line and Loan Note to <span id="xdx_901_eus-gaap--DebtInstrumentMaturityDate_dd_c20201222__20201222__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zxlWs65N9Nh1" title="Loan maturity date">May 31, 2022. On May 1, 2021, the Company entered into a new funding agreement with a maturity date of <span id="xdx_901_eus-gaap--DebtInstrumentMaturityDate_dd_c20210501__20210501__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zKLo3k4D8pxa" title="Loan maturity date">May 31, 2022 and an interest rate of five percent annual percentage rate (<span id="xdx_904_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20210501__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zN2PL0XXq6Dc" title="Loan bears interest rate">5% APR) with JBB for a further $<span id="xdx_907_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn6n6_c20210501__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zZFIfaqDwTQ7" title="Maximum of amount permitted to obtain advances">1 million drawable in $<span id="xdx_909_eus-gaap--ProceedsFromRelatedPartyDebt_pid_c20210501__20210501__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zdIiuvA2W7sl" title="Proceeds from advances">100,000 increments at the discretion of JBB to cover the Company’s current and projected working capital requirements in the near term. The loan is convertible into common stock of the Company at the rate of $<span id="xdx_90C_eus-gaap--DebtInstrumentConvertibleConversionPrice1_iI_pid_c20210501__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zXbKj3n9X8Hd" title="Debt conversion price per share">0.08 per share, subject to adjustment for any reverse and forward stock splits. On May 2, 2022, <span id="xdx_900_eus-gaap--DebtInstrumentMaturityDateDescription_c20220502__20220502__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zsJqvm3xRE0j" title="Debt maturity date description">the Company entered into an extension agreement with JBB to extend the maturity of its outstanding Loan Note to <span id="xdx_905_eus-gaap--DebtInstrumentMaturityDate_dd_c20220502__20220502__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zhTIcBMdrpQ9" title="Loan maturity date">September 30, 2023. On September 6, 2023, the Company entered into another amendment of its Loan Note with JBB to increase the line of credit by an additional $<span id="xdx_904_eus-gaap--LineOfCreditFacilityIncreaseDecreaseForPeriodNet_c20230906__20230906__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zMTfPrc5KyLe" title="Increments of line of credit">500,000, for a total of $2,000,000, and extend the maturity date for the original note and line of credit to <span id="xdx_90B_eus-gaap--DebtInstrumentMaturityDateDescription_dd_c20230906__20230906__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_zeu50L8hcrZ3" title="Maturity date">September 30, 2026. On November 19, 2024, the Company entered into agreements with JBB to convert $<span id="xdx_908_eus-gaap--ConvertibleNotesPayable_iI_c20241119__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_z6rTO4B2wBRi" title="Convertible notes">1,300,000 million outstanding notes and respective accrued interests of $<span id="xdx_906_eus-gaap--InterestReceivable_iI_c20241119__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zM9DRo4JykG7" title="Accrued interests receivable">89,014 into <span id="xdx_90A_eus-gaap--ConversionOfStockSharesConverted1_c20241119__20241119__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_z09AvR16Gpb4" title="Conversion of common stock">17,362,675 shares of common shares. The conversion was executed at a ratio of $<span id="xdx_903_eus-gaap--DebtInstrumentConvertibleConversionPrice1_iI_c20241119__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember_zPCTRLa9SRE2" title="Debt conversion price per share">0.08 per share, as outlined in the original funding agreements. The loan agreement was amended on November 12, 2025, to increase available borrowing by $<span id="xdx_909_eus-gaap--LineOfCreditFacilityIncreaseDecreaseForPeriodNet_c20251112__20251112__us-gaap--DebtInstrumentAxis__custom--LoanNoteMember__us-gaap--CreditFacilityAxis__custom--JBBPartnersIncMember_z4UNbWPDVRG9" title="Increments of line of credit">500,000. During the three months ended May 31, 2026, the JBB advanced $200,000 to fund the Company’s operations under the Loan Note. As of May 31, 2026, the Company had availability of $800,000 on its existing credit line with JBB. The Company recognized interest expense of $33,142 and $27,348 for the three months ended May 31, 2026 and 2025, respectively. Accrued interest as of February 28, 2026 and May 31, 2026 was $756,683 and $789,825, respectively. As of February 28, 2026, and May 31, 2026, there was $3,700,000 and $3,900,000, respectively, outstanding under notes payable to JBB. On May 20, 2026, the Company entered into an extension agreement with JBB to extend the maturity of its outstanding Loan Note to January 18, 2028.

1550000

0.03

0.20

1000000

100000

0.20

the Company entered into an extension agreement with JBB to extend the maturity of its outstanding Loan Note to September 30, 2020.

2020-09-30

250000

0.05

2022-06-30

0.20

500000

1500000

2020-12-31

the Company entered into an extension agreement with JBB to extend the maturity of its outstanding Loan Note to September 30, 2021

2021-09-30

the Company entered into an extension agreement with JBB to extend the maturity of all its outstanding indebtedness under credit line and Loan Note to May 31, 2022.

2022-05-31

0.05

1000000

100000

0.08

the Company entered into an extension agreement with JBB to extend the maturity of its outstanding Loan Note to September 30, 2023.

2023-09-30

500000

2000000

September 30, 2026

1300000

89014

17362675

0.08

500000

200000

800000

33142

27348

756683

789825

3700000

3900000

Note 6 – Commitments and Contingencies Office Lease In September 2018, the Company moved to the offices of International Western Oil (“IWO”) in Weatherford, TX that is being rented on a month-to-month sublease basis at rate of $950 per month from IWO. During the three months ended May 31, 2026, the Company incurred $2,850 rent expense under this lease that is included in lease operating expenses on the condensed consolidated statements of operations. Leasehold Drilling Commitments The Company’s oil and gas leasehold acreage is subject to expiration of leases if the Company does not drill and hold such acreage by production or otherwise exercises options to extend such leases, if available, in exchange for payment of additional cash consideration.

950

2850

Note 7 – Segment Reporting The Company has one reportable segment, which encompasses the ownership and investment in oil and natural gas properties in the state of Texas. The segment’s revenues are derived from the Company’s interests in the sales of crude oil and natural gas. The Company’s chief executive officer function as the chief operating decision maker (“CODM”) and manage the Company’s business activities as a single operating segment. The accounting policies of the one reportable segment are identical to those described for the consolidated Company. The CODM uses condensed consolidated net income (loss), as reported in the unaudited condensed consolidated statement of operations, to measure segment profitability, assess performance, and manage strategic capital resource allocations. The measure of segment assets is reported as “Total assets” on the unaudited condensed consolidated balance sheets. The significant expense categories regularly provided to and reviewed by the CODM are those presented in the unaudited condensed consolidated statements of operations.

Note 8 - Subsequent Events In preparing these condensed consolidated financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date these condensed consolidated financial statements were issued and the following events are reported. On July 1st, 2026, the company made and received a draw request for $100,000 against it’s line of credit.

100000