$NRIS

INTERNATIONAL WESTERN PETROLEUM, INC.

CIK:0001603793|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	May 31, 2026	May 31, 2025
Revenues
Total Revenues	$ 90,358	$ 92,770
Operating Expenses
Lease operating expenses	148,432	134,937
General and administrative expenses	149,039	83,324
Depletion, depreciation, and accretion	2,063	14,569
Total Operating Expenses	299,534	232,830
Loss from Operations	(209,176)	(140,060)
Other Expense
Interest expense	(33,142)	(27,348)
Total Other Expense	(33,142)	(27,348)
Net Loss	$ (242,318)	$ (167,408)
Net loss per common share - basic	$ (0.00)	$ (0.00)
Net loss per common share - diluted	$ (0.00)	$ (0.00)
Weighted average number of common shares outstanding - basic	108,245,688	108,245,688
Weighted average number of common shares outstanding - diluted	108,245,688	108,245,688
Oil and Gas [Member]
Revenues
Total Revenues	$ 90,358	$ 92,770

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	May 31, 2026	May 31, 2025	Feb. 28, 2026
Cash Flow from Operating Activities
Net loss	$ (242,318)	$ (167,408)	$ (661,431)
Adjustments to reconcile net loss to net cash /(used in) operating activities:
Depletion, depreciation and accretion	2,063	14,569
Changes in operating assets and liabilities:
Accounts receivable - oil & gas	(3,737)	13,117
Accounts payable and accrued expenses	(663)	14,135
Accounts payable and accrued expenses - related parties	33,142	27,348
Net Cash Used in Operating Activities	(211,513)	(98,239)
Cash Flows from Financing Activities
Proceeds from related party loans	200,000	100,000
Net Cash provided by Financing Activities	200,000	100,000
Net Increase in Cash	(11,513)	1,761
Cash – beginning of period	45,376	85,627	85,627
Cash – end of period	33,863	87,388	$ 45,376
Noncash Investing and Financing Activities
Change in estimate of asset retirement obligations	$ (116,362)	$ 16,715

Condensed Consolidated Balance Sheets - USD ($)	May 31, 2026	Feb. 28, 2026
Current Assets
Cash	$ 33,863	$ 45,376
Account receivable - oil & gas	27,537	23,800
Total Current Assets	61,400	69,176
Oil and Gas Property - Full Cost Method
Properties subject to depletion	3,093,704	3,210,066
Less: accumulated depletion and impairment	(3,028,856)	(3,026,793)
Total Oil and Gas Property, net	64,848	183,273
Total Assets	126,248	252,449
Current Liabilities
Accounts payable and accrued expenses	227,500	228,163
Total Current Liabilities	227,500	228,163
Asset retirement obligations	299,972	416,334
Total Liabilities	5,217,297	5,101,180
Stockholders’ Deficit
Preferred stock, $0.001 par value per share 20,000,000 shares authorized
Common stock, $0.001 par value per share, 150,000,000 shares authorized; 108,245,688 shares issued and outstanding	108,246	108,246
Additional paid-in capital	7,659,050	7,659,050
Accumulated deficit	(12,858,345)	(12,616,027)
Total Stockholder’s Deficit	(5,091,049)	(4,848,731)
Total Liabilities and Stockholders’ Deficit	126,248	252,449
Related Party [Member]
Current Liabilities
Convertible note payable - related party	3,900,000	3,700,000
Accounts payable and accrued expenses - related parties-long term	$ 789,825	$ 756,683