Note 11 - Operating Segments

12 Months Ended

Jul. 31, 2026

Notes to Financial Statements

Segment Reporting [Text Block]

NOTE 11— OPERATING SEGMENTS

The Company operates as one reportable segment, consisting primarily of oil and natural gas production and mineral exploration activities. The Company determines its operating segments based on the manner in which its Chief Operating Decision Maker (“CODM”) evaluates financial performance and allocates resources. The Company's Chief Executive Officer serves as the CODM.

The CODM reviews the Company's consolidated financial results, including revenues, operating expenses, and net income (loss), to assess performance, monitor operating costs, and make decisions regarding the allocation of resources. The Company uses consolidated net income (loss) as its measure of segment profit or loss.