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Accrued Liabilities
6 Months Ended
Jan. 31, 2019
Accrued Liabilites [Abstract]  
ACCRUED LIABILITIES

NOTE 5 – ACCRUED LIABILITIES

 

Accrued liabilities consist of $349,000 for firm commitments on the Winnemucca Property, $42,936 of accrued interest, $27,599 of accrued distribution and royalty payments, $170,517 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.