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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 680,100 $ 191,117
Accounts receivable 85,000
Prepayments - development costs 453,579 385,888
Prepaid expenses 289,797 95,256
Total current assets 1,423,476 757,261
Oil and natural gas properties 594,848 569,551
Other assets 105,179 105,179
TOTAL ASSETS 2,123,503 1,431,991
Current liabilities:    
Accounts payable 2,541,525 519,841
Asset retirement obligation - current portion 161,052
Accounts payable - related party 97,027 97,027
Note payable - related party 43,983,832 42,750,832
Note payable 6,000,000 2,000,000
Accrued interest payable 8,966,975 6,808,410
Total current liabilities 61,750,411 52,176,110
Asset retirement obligations 1,104,709 1,099,311
Total liabilities 62,855,120 53,275,421
Commitments and contingencies
Mezzanine equity, Series “A” redeemable, non-voting, preferred stock
Preferred stock, par value $0.0001, 50,000,000 shares authorized; 3,000,000 and -0- issued and outstanding at September 30, 2025 and December 31, 2024
Stockholders’ deficit:    
Common stock, par value $0.0001; 500,000,000 shares authorized; 264,387,563 issued and outstanding at September 30, 2025 issued and 251,930,516 outstanding at December 31, 2024; 26,439 25,193
Shares to be issued 25 1,143
Additional paid-in capital 107,715,596 107,678,096
Accumulated deficit (168,473,677) (159,547,862)
Total stockholders’ deficit (60,731,617) (51,843,430)
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ DEFICIT $ 2,123,503 $ 1,431,991