| SCHEDULE OF SEGMENT INFORMATION |
The
Company has provided this segment information for all comparable prior periods. Segment information is summarized as follows:
SCHEDULE OF SEGMENT INFORMATION
| | |
June 30, 2026 | | |
June 30, 2025 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Oil and gas revenues | |
$ | 1,779,453 | | |
$ | 1,069,505 | |
| Lease operating expense | |
| (1,302,454 | ) | |
| (1,394,411 | ) |
| Depletion, depreciation, and amortization | |
| (421,414 | ) | |
| (335,348 | ) |
| General and administrative expenses | |
| (1,742,249 | ) | |
| (1,761,060 | ) |
| Total other expense, net | |
| (196,217 | ) | |
| (403,460 | ) |
| Segment net loss | |
$ | (1,882,881 | ) | |
$ | (2,824,774 | ) |
| | |
| | | |
| | |
| Reconciliation of profit or loss | |
| | | |
| | |
| Adjustment and reconciling items | |
| - | | |
| - | |
| Consolidated net loss | |
$ | (1,882,881 | ) | |
$ | (2,824,774 | ) |
|