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Consolidated Balance Sheets - USD ($)
Feb. 28, 2022
Feb. 28, 2021
Current Assets    
Cash $ 5,242 $ 9,752
Prepaid expenses 17,847 7,909
Tax receivable 26 14
Total Current Assets 23,115 17,675
Oil and gas property – not subject to amortization (successful efforts method) 2,883,915 2,883,915
Other assets 35,910 39,145
Total Assets 2,942,940 2,940,735
Current Liabilities    
Accounts payable and accrued liabilities 4,398,839 3,322,321
Accounts payable – related parties, net 1,988,230 1,273,030
Notes payable 4,131
Total Current Liabilities 6,391,200 4,595,351
Notes payable, less current portion 120,000 118,750
Convertible debentures payable, net of debt discount 5,917,745 5,394,596
Total Liabilities 12,428,945 10,108,697
Commitments and Contingencies (Note 8)
Shareholders’ Deficit    
Preferred stock – 10,000,000 shares authorized, zero issued and outstanding
Common stock – 500,000,000 shares authorized, $0.001 par value – 154,365,396 shares issued and outstanding 154,365 154,365
Additional paid-in capital 24,199,651 24,199,651
Accumulated other comprehensive income 156,834 139,760
Accumulated deficit (33,996,855) (31,661,738)
Total Shareholders’ Deficit (9,486,005) (7,167,962)
Total Liabilities and Shareholders’ Deficit $ 2,942,940 $ 2,940,735