v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2026
Oct. 31, 2025
Current assets:    
Cash and cash equivalents $ 24,292,784 $ 882,162
Prepaid expenses 228,062 128,856
Accounts receivable 157,392 59,970
Total current assets 24,678,238 1,070,988
Oil and gas properties - not subject to amortization 13,137,358 12,143,122
Property, plant and equipment 84,821
Total assets 37,900,417 13,214,110
Current liabilities:    
Accounts payable and accrued liabilities 1,055,957 1,305,997
Asset retirement obligations - current 14,990 2,778
Convertible notes, net of discounts 467,179
Due to operators 21,620 5,668
Other current liabilities 108,117 75,268
Total current liabilities 1,200,684 1,856,890
Long-term liabilities:    
Asset retirement obligations, net of current portion 210,602 53,869
Total non-current liabilities 210,602 53,869
Total liabilities 1,411,286 1,910,759
Commitments and Contingencies (Note 7)
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; -0- shares issued and outstanding at July 31, 2026 and October 31, 2025, respectively
Common stock, $0.0001 par value; 150,000,000 shares authorized; 5,323,926 and 1,005,295 shares issued and outstanding as of July 31, 2026 and October 31, 2025, respectively 532 101
Stock subscription receivable (10,010)
Additional paid-in capital 68,077,879 38,654,601
Accumulated other comprehensive income 13,047 14,471
Accumulated deficit (31,602,327) (27,355,812)
Total stockholders’ equity 36,489,131 11,303,351
Total liabilities and stockholders’ equity $ 37,900,417 $ 13,214,110