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Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Oil sales $ 56,862 $ 302,904 $ 75,466
Royalty income 3,302 2,671 9,947 11,190
Other operating income 49,767 219,767
Total revenues 109,931 2,671 532,618 86,656
Operating expenses        
Lease operating expense 100,135 10,421 620,899 165,305
General and administrative 373,069 629,836 2,612,020 1,674,738
Depletion and depreciation 29,085 14,875 134,961 54,829
Accretion on asset retirement obligations 14,972 9,198 44,914 27,594
Gain on settlement of trade payables (184,089)
Total operating expenses (517,261) (664,330) (3,228,705) (1,922,466)
Loss from operations (407,330) (661,659) (2,696,087) (1,835,810)
Other income (expense)        
Foreign exchange gain (loss) (18,282) 5,146 3,603 5,087
Other income 8,000
Interest expense (535,564) (97,191) (1,305,201) (98,217)
Loss on debt extinguishment (495,051) (105,349) (495,051)
Total other income (expense) (553,846) (587,096) (1,406,947) (580,181)
Net loss and comprehensive loss $ (961,176) $ (1,248,755) $ (4,103,034) $ (2,415,991)
Basic loss per common share $ (1.74) $ (2.26) $ (7.44) $ (4.38)
Diluted loss per common share $ (1.74) $ (2.26) $ (7.44) $ (4.38)
Weighted average number of common shares outstanding - basic 551,503 551,503 551,503 551,503
Weighted average number of common shares outstanding - diluted 551,503 551,503 551,503 551,503