This annual report on Form 10-K contains forward-looking statements within the meaning of the federal securities laws. These include statements about our expectations, beliefs, intentions or strategies for the future, which we indicate by words or phrases such as "anticipate," "expect," "intend," "plan," "will," "we believe," "management believes" and similar language. Except for the historical information contained herein, the matters discussed in this "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in this current report on Form 10-K are forward-looking statements that involve risks and uncertainties. The factors listed in the section captioned "Risk Factors," as well as any cautionary language in this current report on Form 10-K, provide examples of risks, uncertainties and events that may cause our actual results to differ materially from those projected. Except as may be required by law, we undertake no obligation to update any forward-looking statement to reflect events after the date of this current report on Form 10-K.





Overview

We intend for this discussion to provide information that will assist in understanding our financial statements, the changes in certain key items in those financial statements, and the primary factors that accounted for those changes, as well as how certain accounting principles affect our financial statements.

Our company has experienced net losses to date, and it has not generated revenue from operations, we will need additional working capital to service debt and for ongoing operations, which raises substantial doubt about our ability to continue as a going concern. Management of our company has developed a strategy to meet operational shortfalls which may include equity funding, short term or long term financing or debt financing, to enable our company to reach profitable operations. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business and expansion plans





Corporate History

Fiscal Years Ended March 31, 2022 and 2021

The following discussion and analysis should be read in conjunction with our company's audited financial statements for the fiscal years ended March 31, 2022 and 2021 and accompanying notes appended thereto that are included in this annual report.

Results of Operations for the Year Ended March 31, 2022 and March 31, 2021





                          Year             Year
                         Ended            Ended
                       March 31,        March 31,
                          2022             2021           Changes

Operating Expenses   $  140,034,275     $   26,713     $  140,007,562
Other Expenses       $       57,040     $   89,828     $      (32,788 )
Net Loss             $ (140,091,315 )   $ (116,541 )   $ (139,974,774 )





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We did not recognize any revenue during the year ended March 31, 2022 and 2021.

Our net loss for the year ended March 31, 2022 increased to $140,091,315 from $116,541 for the year ended March 31, 2021 due to the increase in operating expenses. During the year ended March 31, 2022, our company incurred stock based compensation of $140,000,000 for issuance of common shares to our Director for management services.





 Plan of Operation

Management is considering plans to reactive its inactive wells through a rework program on the Leases. Additional rights may be leased out from mineral owner to deeper zones near 5,000 feet and below. However, such plans are subject to raising financing of $500,000 to pay for such rework plans and an analysis of potential income based on projected oil prices in the future.

Our company is actively seeking to acquire producing and non-producing leases that will allow us to explore and drill in high-profile pay zones.

We intend to raise capital at a low cost from private placements so that we may acquire numerous additional leases, and to commence drilling, and taking advantage of the inevitable uptick in oil prices to come.

In the current climate, our company believes that there are a very large number of oil & gas leases under distress due to the depressed gas prices and that we can strategically position our company to acquire as many of these leases as possible at a discount to market value, hence creating shareholder value.

On the Burns and Rogers Leases, we intend to rework all current wells and bring them back to production once oil prices are in a suitable range. We are planning an exploration strategy to drill new wells on the current Leases, as well as acquire deeper rights in order to drill some of the wells at great depths. We expect that reservoirs at those depths could yield a very high daily output of oil.

Liquidity and Capital Resources





Working Capital



                                 As of          As of
                               March 31,      March 31,
                                  2022           2021         Changes

Current Assets                 $        -     $        -     $       -
Current Liabilities            $  541,968     $  451,653     $  90,315
Working Capital (Deficiency)   $ (541,968 )   $ (451,653 )   $ (90,315 )




 Cash Flows



                                               Year           Year
                                              Ended          Ended
                                            March 31,      March 31,
                                               2022           2021        Changes

Net cash used in Operating Activities $ (32,533 ) $ (28,634 ) $ (3,899 ) Net cash provided by Financing Activities $ 32,533 $ 28,634 $ 3,899 Net changes in cash and cash equivalents $ - $ - $ -







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As of March 31, 2022, we had a negative working capital of $541,968, as compared to a negative working capital of $451,653 as of March 31, 2021. The increase in working capital deficiency is attributed to the increase in amount due to the Director of the Company and accrued interest.

Cash Flow from Operating Activities

For the year ended March 31, 2022, we used $32,533 of cash for operations primarily as a result of the net loss of $140,091,315, offset by stock based compensation of $140,000,000 and net changes in operating assets and liabilities of $58,782.

For the year ended March 31, 2021, we used $28,634 of cash for operations primarily as a result of the net loss of $116,541, offset by amortization of debt discount of $31,558 and net changes in operating assets and liabilities of $56,349.

Cash Flow from Investing Activities

The Company did not use any funds for investing activities in the year ended March 31, 2022 and 2021.

Cash Flow from Financing Activities

For the year ended March 31, 2022 and 2021, we had $32,533 and $28,634 in net cash provided by financing activities, respectively.

During the year ended March 31, 2022, we received advancement from the Director of the Company of $32,533.

During the year ended March 31, 2021, we received advancement from the Director of the Company of $6,500 and proceeds from issuance of convertible notes of $22,134.

Off-Balance Sheet Arrangements

As of March 31, 2022, the Company had no off-balance sheet arrangements.

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