DEFERRED WELL DEVELOPMENT COSTS	12 Months Ended
May 31, 2026
Deferred Well Development Costs
DEFERRED WELL DEVELOPMENT COSTS	NOTE 6 – DEFERRED WELL DEVELOPMENT COSTS The Company records investor investments in individual oil wells as a liability totaling $2,549,260 and $2,799,260 as of May 31, 2026 and 2025, respectively. Several agreements involving net working interests stipulate that a high percentage of oil revenue is distributed to investors until the original investment is recovered. As well related cash is distributed to investors, the liability balance declines proportionally until the original investment is recovered. Thereafter, most contracts specify that the distribution ratio reverts to a 50/50 split. The balance recorded as of May 31, 2026 shows $1,799,260 invested in the Olfert 11-4 well. The Reddig well commenced production during fiscal 2025. Due to uneconomical production, the well was shut in prior to May 31, 2025. As the operator under the participation agreement, the $2,835,500 investment received from investors for the Reddig 11-21 well is offset with related oil and gas assets. In connection with the Reddig well shut in, $648,317 has been reclassified from deferred well development costs to convertible debt contributed for net working interest and the related accrued interest. Both Olfert 11-4 and Reddig 11-21 are located in Valley County, Montana. On November 15, 2025, Hell Creek Crude LLC, the operator of Reddig 11-21, was purchased by B&B Oil, LLC and recorded as discontinued operations. The Company recorded $2,250,000 advanced by accredited investors to West Fork as a Deposit for Well Development. Prior to May 31, 2026, certain West Fork investors requested funds to be refunded and were repaid $1,500,000 since the project had not yet been funded in its entirety. The remaining $750,000 West Fork Deposit for Well Development was redeployed as a $643,225 purchase of membership units in Hell Creek Crude, LLC as of May 31, 2026. The remaining West Fork oil and gas assets totaling $110,525 have been impaired as of May 31, 2026 and are included in impairment expense disclosed in the Consolidated Statement of Operations. See Note 8.

DEFERRED WELL DEVELOPMENT COSTS

12 Months Ended

May 31, 2026

NOTE 6 – DEFERRED WELL DEVELOPMENT COSTS

The Company records investor investments in individual oil wells as a liability totaling $2,549,260 and $2,799,260 as of May 31, 2026 and 2025, respectively. Several agreements involving net working interests stipulate that a high percentage of oil revenue is distributed to investors until the original investment is recovered. As well related cash is distributed to investors, the liability balance declines proportionally until the original investment is recovered. Thereafter, most contracts specify that the distribution ratio reverts to a 50/50 split. The balance recorded as of May 31, 2026 shows $1,799,260 invested in the Olfert 11-4 well. The Reddig well commenced production during fiscal 2025. Due to uneconomical production, the well was shut in prior to May 31, 2025. As the operator under the participation agreement, the $2,835,500 investment received from investors for the Reddig 11-21 well is offset with related oil and gas assets. In connection with the Reddig well shut in, $648,317 has been reclassified from deferred well development costs to convertible debt contributed for net working interest and the related accrued interest. Both Olfert 11-4 and Reddig 11-21 are located in Valley County, Montana. On November 15, 2025, Hell Creek Crude LLC, the operator of Reddig 11-21, was purchased by B&B Oil, LLC and recorded as discontinued operations.

The Company recorded $2,250,000 advanced by accredited investors to West Fork as a Deposit for Well Development. Prior to May 31, 2026, certain West Fork investors requested funds to be refunded and were repaid $1,500,000 since the project had not yet been funded in its entirety. The remaining $750,000 West Fork Deposit for Well Development was redeployed as a $643,225 purchase of membership units in Hell Creek Crude, LLC as of May 31, 2026. The remaining West Fork oil and gas assets totaling $110,525 have been impaired as of May 31, 2026 and are included in impairment expense disclosed in the Consolidated Statement of Operations. See Note 8.