v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 116,254 $ 163,953
Production receivable 451
Prepaid expenses 73,102 172,613
Total current assets 189,356 337,017
Oil and natural gas properties
Other assets    
Deposit - RRC 105,179 105,179
Other asset - related party 474,103 474,103
Total other assets 579,282 579,282
TOTAL ASSETS 768,638 916,299
Current liabilities:    
Accounts payable 813,088 451,716
Accounts payable - related party 97,027 97,027
Note payable - related party 46,998,832 45,853,832
Note payable 6,000,000 6,000,000
Accrued interest payable 11,765,147 9,787,819
Total current liabilities 65,674,094 62,190,394
Asset retirement obligations 1,077,876 1,075,513
Total liabilities 66,751,970 63,265,907
Commitments and contingencies
Preferred stock, par value $0.0001, 50,000,000 shares authorized; 3,000,000 issued and outstanding at June 30, 2026 and December 31, 2025 4,843 4,843
Stockholders’ deficit:    
Common stock, par value $0.0001; 500,000,000 shares authorized; 264,637,564 issued and outstanding at June 30, 2026 issued and 264,637,564 outstanding at December 31, 2025; 26,464 26,464
Additional paid-in capital 107,753,096 107,728,096
Accumulated deficit (173,767,735) (170,109,011)
Total stockholders’ deficit (65,988,175) (62,354,451)
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ DEFICIT $ 768,638 $ 916,299