Accrued Liabilites

12 Months Ended

Jul. 31, 2019

Payables and Accruals [Abstract]

Accrued Liabilities

The Company has partnered with others whereby they provide all or a portion of the working capital for either well work to be completed on existing properties or towards the acquisition of new properties. As of July 31, 2019 and 2018, the Company has unused funds it has received of $65,879 and $170,518, respectively.

Accrued liabilities as of July 31:

	2019		2018
General accrual	$	1,887	$	1,715
Interest	$	47,802	$	38,002
Distributions and royalty	$	15,416	$	22,345
Advances for well work	$	65,879	$	170,518
Winnemucca Property	$	381,770	$	—
Investment funds to be used for the development of future properties	$	125,000	$	95,000
	$	637,754	$	327,580