| SCHEDULE OF OIL AND GAS ACTIVITIES |
The
following tables summarize the Company’s oil and gas activities by classification.
SCHEDULE OF OIL AND GAS ACTIVITIES
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
(Unaudited) | | |
(Audited) | |
| Oil and gas property - subject to amortization | |
$ | 32,081,386 | | |
$ | 32,029,501 | |
| Accumulated depletion | |
| (11,553,602 | ) | |
| (11,134,981 | ) |
| Accumulated impairment | |
| (11,859,183 | ) | |
| (11,859,183 | ) |
| Oil and gas property - subject to amortization, net | |
$ | 8,668,601 | | |
$ | 9,035,337 | |
| | |
| | | |
| | |
| Oil and gas property - not subject to amortization | |
$ | 1,224,667 | | |
$ | 1,224,667 | |
| Accumulated impairment | |
| - | | |
| - | |
| Oil and gas property - not subject to amortization | |
$ | 1,224,667 | | |
$ | 1,224,667 | |
|
| SCHEDULE OF MOVEMENT OF THE OIL AND GAS PROPERTY |
The
following shows the movement of the oil and gas property - subject to amortization balance.
SCHEDULE OF MOVEMENT OF THE OIL AND
GAS PROPERTY
| | |
Oil & Gas Property – Kruh | |
| December 31, 2025 | |
$ | 9,035,337 | |
| Additional capitalization | |
| 51,885 | |
| Depletion | |
| (418,621 | ) |
| June 30, 2026 (Unaudited) | |
$ | 8,668,601 | |
|