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Accrued Liabilities
3 Months Ended
Oct. 31, 2018
Accrued Liabilites [Abstract]  
ACCRUED LIABILITIES

NOTE 5 – ACCRUED LIABILITIES

 

Accrued liabilities consist of $8,428 general accrual, $40,469 of accrued interest, $21,164 of accrued distribution and royalty payments and $162,089 of monies 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 October 31, 2018, the Company has obligations of $162,089 from funds received.