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Accrued Liabilites
9 Months Ended
Apr. 30, 2018
Accrued Liabilites [Abstract]  
ACCRUED LIABILITES

NOTE 5 – ACCRUED LIABILITES

 

Accrued liabilities consist of $36,350 of accrued interest, $28,252 of accrued distribution payments, $73,559 of moneys received in advance for well work to be performed and the acquisition of additional oil and gas properties and $95,000 of investment funds to be used for the development of future properties. The Company has partnered with others whereby they provide all or a portion of the working capital for either well to be completed on existing properties or towards the acquisition of new properties. As of April 30, 2018, the Company has unused funds it has received of $73,559.