XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Cash Flow from Operating Activities:    
Net loss $ (496,875) $ (439,268)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock compensation expense 9,750 0
Loss on disposal of mineral rights 46,000 0
Gain on write-off of option payable (116,000) 0
Loss on conversion of debt 0 6,000
Changes in Operating Assets and Liabilities:    
Prepaid expenses 3,500 (3,500)
Accounts receivable (1,583) (1,570)
Accounts payables and accrued liabilities 339,833 90,928
Accounts payable - related party 9,126 0
Advances for well work 0 0
Stock subscription receivable 20,000 0
Net cash used in operating activities (186,249) (347,410)
Cash Flows from Investing Activities:    
Cash paid for oil and gas properties 0 (72,322)
Net cash used in investing activities 0 (72,322)
Cash Flows from Financing Activities:    
Proceeds from loan payable 9,000 25,000
Repayment of loan payable (5,000) 0
Proceeds from loans payable - related party 54,180 0
Payments on loans payable - related party (55,870) 0
Proceeds from the sale of common stock 195,000 415,400
Net cash provided by financing activities 197,310 440,400
Net increase in cash 11,061 20,668
Cash at beginning of the period 52,672 822
Cash at end of the period 63,733 21,490
Cash paid for interest 870 0
Cash paid for taxes 0 0
Supplemental disclosure of non-cash activity:    
Common stock issued for debt $ 0 $ 4,000