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Condensed Balance Sheets - USD ($)
Jul. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Current assets:      
Cash $ 293,107 $ 1,561,924 $ 73,648
Deferred offering costs   1,643,881
Prepaid expenses and other receivables 324,603 133,417 35,000
Total current assets 617,710 1,695,341 1,752,529
Oil and gas properties - not subject to amortization 11,083,285 9,947,742 5,836,232
Advance to operators   1,900,000
Total assets 11,700,995 11,643,083 9,488,761
Current liabilities:      
Accounts payable and accrued liabilities 1,435,521 609,360 1,164,055
Asset retirement obligations – current 2,778 2,778 2,778
Convertible note, net of discounts 1,217,597
Due to operators 18,633 21,651  
Promissory notes, net of discounts 1,319,890  
Insurance liability 154,002  
Warrants liability   114,883
Due to operators 402,725  
Total current liabilities 3,588,138 1,851,386 6,710,652
Long-term liabilities:      
Franchise tax accrual   9,450
Asset retirement obligations, net of current portion 50,397 48,313 45,535
Total Long-term liabilities 50,397 48,313 54,985
Total liabilities 3,638,535 1,899,699 6,765,637
Commitments and Contingencies (Note 7)
Stockholders’ Equity:      
Preferred stock, $0.0001 par value; 500,000 shares authorized; -0- shares issued and outstanding at October 31, 2023 and 2022, respectively
Common stock, $0.0001 par value; 24,500,000 shares authorized; 1,552,328 and 848,640 shares issued and outstanding as of October 31, 2023 and 2022, respectively 252 155 85
Stock subscription receivable (10,010) (10,010) (10,010)
Additional paid-in capital 26,445,654 20,200,121 6,635,505
Accumulated deficit (18,373,436) (10,446,882) (3,902,456)
Total stockholders’ equity 8,062,460 9,743,384 2,723,124
Total liabilities and stockholders’ equity 11,700,995 11,643,083 9,488,761
Related Party [Member]      
Current liabilities:      
Notes payable $ 254,589 1,025,497
Operators [Member]      
Current liabilities:      
Due to operators   21,651
Nonrelated Party [Member]      
Current liabilities:      
Notes payable   $ 4,403,439