Balance Sheets - USD ($)	Jan. 31, 2016	Jul. 31, 2015
Current Assets
Cash	$ 18,576	$ 2,170
Prepaid expenses	6,250	2,500
Receivable on working interest	50	50
Total Current Assets	24,876	4,720
Other Assets
Mineral rights and properties	2,040,460	2,088,460
Advance royalties	20,000	20,000
Total Other Assets	2,060,460	2,108,460
TOTAL ASSETS	2,085,336	2,113,180
Current Liabilities
Accounts payable and accrued liabilities	35,172	30,171
Current portion of property option payable	225,000	225,000
Oil & gas lease payable	15,882	15,882
New loan - third party	50,990	50,990
Advances from officers	24,747	24,747
Advance - Coach Capital, LLC	30,000	30,000
Advance - other	9,000	5,000
Convertible debt	85,000	85,000
Total Current Liabilities	475,791	466,790
Property option payable	1,419,450	1,444,450
Stockholders' Equity
Common stock, $0.001 par value, 75,000,000 shares authorized; 18,494,484* shares issued and outstanding at January 31, 2016 16,144,484* shares issued and outstanding at July 31, 2015	18,495	16,145
Additional paid-in-capital	1,093,155	1,003,130
Deficit accumulated during the development stage	(921,555)	(817,335)
Total Stockholders' Deficiency	190,095	201,940
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIENCY	$ 2,085,336	$ 2,113,180

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.