Consolidated Condensed Interim Balance Sheets (Unaudited) - USD ($)
|
May 31, 2020 |
Feb. 29, 2020 |
| Current assets |
|
|
| Cash |
$ 18,904
|
$ 13,022
|
| Receivables |
25,170
|
18,925
|
| Prepaid expenses and deposit |
9,635
|
20,514
|
| Due from related parties (Note 7) |
21,419
|
48,392
|
| Total current assets |
75,128
|
100,853
|
| Deposit (Note 5) |
42,514
|
43,517
|
| Equipment (Note 4) |
46,635
|
47,526
|
| Right to the acquisition of mineral exploration project (Note 3) |
1
|
1
|
| Oil and gas properties, full cost method (Note 5) |
77,018,553
|
76,935,275
|
| Total assets |
77,182,831
|
77,127,172
|
| Current liabilities |
|
|
| Accounts payable and accrued liabilities (Note 6) |
1,837,533
|
1,684,901
|
| Due to related parties (Note 7) |
159,305
|
113,094
|
| Related party loan payable (Note 7) |
57,261
|
57,261
|
| Notes payable (Note 8) |
1,996,651
|
1,466,289
|
| Total current liabilities |
4,050,750
|
3,321,545
|
| Long term notes payable (Note 9) |
112,683
|
532,319
|
| Asset retirement obligation (Note 10) |
32,255
|
32,310
|
| Deferred tax liabilities (Notes 5) |
16,215,677
|
16,215,677
|
| Total liabilities |
20,411,365
|
20,101,851
|
| Stockholders' equity |
|
|
| Share capital (Note 11) Authorized: 750,000,000 common shares, par value $0.001 per share Issued and outstanding: 122,571,156 common shares (122,571,156 at February 29, 2020) |
122,570
|
122,570
|
| Additional paid in capital |
160,719,464
|
160,719,464
|
| Obligation to issue shares (Note 5) |
3,600,000
|
3,600,000
|
| Accumulated other comprehensive loss |
(383,257)
|
(383,257)
|
| Accumulated deficit |
(107,287,311)
|
(107,033,456)
|
| Total stockholders' equity |
56,771,466
|
57,025,321
|
| Total stockholders' equity and liabilities |
$ 77,182,831
|
$ 77,127,172
|