v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
May 31, 2026
Accounting Policies [Abstract]  
Schedule of Cash, Cash Equivalent and Restricted Cash

The following table provides a reconciliation of the Company’s cash, cash equivalents, and restricted cash reported within the consolidated balance sheet that sum to the same amounts shown in the statement of cash flows.

 

 

   May 31, 2026   May 31, 2025 
Cash and cash equivalents  $420,676   $

63,294

 
Restricted cash   -    186,115 
TOTAL  $420,676   $249,409 
The depreciation recorded for the year ended May 31, 2026 and 2025 was $40,811 and $29,879.

The depreciation recorded for the year ended May 31, 2026 and 2025 was $40,811 and $29,879.

 

   May 31,   May 31, 
   2026   2025 
Vehicles and equipment   193,463   $193,766 
Less: Accumulated depreciation   126,291    85,480 
           
Property and equipment, net   67,172   $108,286 
Subsequent to the impairment, the Company has recorded oil and gas acquisition and drilling costs totaling $0 and $1,001,209 as of May 31, 2026 and 2025, respectively.

Subsequent to the impairment, the Company has recorded oil and gas acquisition and drilling costs totaling $0 and $1,001,209 as of May 31, 2026 and 2025, respectively.

 

   May 31,   May 31, 
   2026   2025 
Intangible and tangible drilling costs  $-   $762,404 
Lease acquisition costs   -    238,805 
           
Oil and gas acquisition and drilling costs  $-   $1,001,209