OIL & NATURAL GAS PROPERTIES - Restated (Tables)

3 Months Ended

Mar. 31, 2024

Extractive Industries [Abstract]

Schedule of Capitalized Cost for Oil and Natural Gas

The following table presents the capitalized costs for oil and natural gas properties of the Company:

	March 31, 2024		December 31, 2023
Evaluated costs subject to amortization	$	-	$	-
Unevaluated costs		54,766,237		53,672,579
Total capitalized costs		54,766,237		53,672,579
Less accumulated depreciation, depletion and amortization		-		-
Less accumulated impairment		-		-
Total oil and gas properties	$	54,766,237	$	53,672,579

Schedule of Common Stock to be issued to Orogrande Owners

	Shares of Common Stock		Working Interest Contribution
Dingus Investments, Inc.		7,050,382		2.8334	%
Pandora Energy, LP		6,220,779		2.5000	%
Kennedy Minerals, Ltd		6,220,779		2.5000	%
The de Compiegne Property Company No. 20, Ltd		6,220,779		2.5000	%
Loma Hombre Energy, LLC		622,078		0.2500	%
Sero Capital, LLC		725,840		0.2917	%
TOTAL		27,060,637		10.8751	%

Schedule of Orogrande Project Ownership

The Orogrande Project ownership as of March 31, 2024, is detailed as follows: 

	Revenue			Working
	Interest			Interest
University Lands – Mineral Owner		20.000	%
ORRI – Magdalena Royalties, LLC, an entity controlled by Gregory McCabe, Chairman of the Board		4.500	%
ORRI – Unrelated Party		0.500	%
Hudspeth Oil Corporation, a subsidiary of Next Bridge Hydrocarbons, Inc.		56.250	%		75.000	%
Wolfbone Investments, LLC, a subsidiary of Next Bridge Hydrocarbons, Inc.		18.750	%		25.000	%
		100.000	%		100.000	%