04/23/2026 | Press release | Distributed by Public on 04/23/2026 12:23
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
This section of this quarterly report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.
Plan of Operation
We are a start-up, oil and gas exploration stage corporation and distributor of oil field equipment. An exploration stage corporation is one engaged in the search for oil and gas reserves which are not in either the development or production stage. We have not yet generated or realized any revenues from our business operations.
Results of Operations
We have not yet recognized any revenue as of July 31, 2023
For the three months ended July 31, 2023 our net loss was $1,000 compared to $1,139 for the three months ended July 31, 2022. During the current period we incurred $1,000 for transfer agent fees . In the prior period we incurred $1,139 for audit and accounting expense and $0 of interest expense.
Liquidity and Capital Resources
As of July 31, 2023, we have no available cash, liabilities of $154,963 and an accumulated deficit of $157,073. During the three months ended July 31, 2023 we used $1,500 of cash in operations and received $1,500 from our CEO to pay for operating expenses.
As reflected in the accompanying financial statements, the Company has an accumulated deficit of $157,073 at July 31, 2023, has no current operations and has generated no income to date. These factors raise substantial doubt about its ability to continue as a going concern. The financial statements have been prepared assuming that the Company will continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company is currently seeking an acquisition opportunity with a company in the mining sector.