Virtus Oil & Gas (CURG) 10-K 4 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Nov. 30, 2014	Mar. 02, 2015	31-May-14
Document And Entity Information
Entity Registrant Name	Virtus Oil & Gas Corp.
Document Type	10-K
Document Period End Date	30-Nov-14
Amendment Flag	FALSE
Entity Central Index Key	1478725
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		50,982,714
Entity Public Float			$13,195,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Nov. 30, 2014	Nov. 30, 2013
Current assets:
Cash	$175,869	$486
Prepaid expenses	0	937
Total current assets	175,869	1,423
Property and equipment, net	2,873	1,295
Oil and gas properties, net	659,331	0
Total assets	838,073	2,718
Current liabilities:
Accounts payable and accrued expenses	346,398	55,432
Accrued interest, related party	0	4,529
Note payable, related party	0	47,749
Total current liabilities	346,398	107,710
Commitments
Stockholders' equity (deficit):
Common stock, $0.001 par value, 150,000,000 shares authorized 50,110,064 and 47,300,000 shares issued and outstanding at November 30, 2014 and 2013, respectively	50,110	47,300
Additional paid-in capital	3,025,102	171,179
Stock subscription payable	310,000	60,000
Accumulated deficit	-2,893,537	-383,471
Total stockholders' equity (deficit)	491,675	-104,992
Total liabilities and stockholders' equity (deficit)	$838,073	$2,718

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS (Parenthetical) (USD $)	Nov. 30, 2014	Nov. 30, 2013
Statement of Financial Position [Abstract]
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	150,000,000	150,000,000
Common Stock, Shares Issued	50,110,064	47,300,000
Common Stock, Shares Outstanding	50,110,064	47,300,000

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Income Statement [Abstract]
Revenue	$0	$0
Operating expenses:
General and administrative	2,210,040	139,842
Professional Fees	296,454	97,533
Total operating expenses	2,506,494	237,375
Operating loss	-2,506,494	-237,375
Other income (expense):
Impairment of oil and gas asset	0	-30,000
Interest expense	-3,572	-4,529
Total other income (expense)	-3,572	-34,529
Net (loss)	($2,510,066)	($271,904)
Weighted average number of common shares outstanding - basic and fully diluted	48,963,492	47,007,418
Net (loss) per share - basic and fully diluted	($0.05)	($0.01)

STATEMENT_OF_STOCKHOLDERS_EQUI

STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Common Stock	Additional Paid-in Capital	Stock Subscription Payable	Accumulated (Deficit)	Total
Beginning balance, value at Nov. 30, 2012	$46,900	$31,579		($111,567)	($33,088)
Beginning balance, shares at Nov. 30, 2012	46,900,000
Common stock sold for cash, shares	400,000
Common stock sold for cash, value	400	139,600	60,000		200,000
Contributed capital from debt forgiveness					0
Net loss				-271,904	-271,904
Ending balance, value at Nov. 30, 2013	47,300	171,179	60,000	-383,471	-104,992
Ending balance, shares at Nov. 30, 2013	47,300,000
Common stock issued for shares sold in 2013, shares	150,000
Common stock issued for shares sold in 2013, value	150	59,850	-60,000
Common stock sold for cash, shares	1,910,064
Common stock sold for cash, value	1,910	1,108,090	60,000		1,170,000
Contributed capital from debt forgiveness		59,655			59,655
Share based compensation, shares	750,000
Share based compensation, amount	750	1,626,328			1,627,078
Stock purchased but not delivered			250,000		250,000
Net loss				-2,510,066	-2,510,066
Ending balance, value at Nov. 30, 2014	$50,110	$3,025,102	$310,000	($2,893,537)	$491,675
Ending balance, shares at Nov. 30, 2014	50,110,064

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	($2,510,066)	($271,904)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation expense	421	144
Stock based compensation	1,627,078	0
Impairment of oil and gas assets	0	30,000
Decrease (increase) in assets:
Prepaid expenses	937	-312
Increase (decrease) in liabilities:
Accounts payable and accrued expenses	294,771	16,637
Accounts payable, related party	0	-14,918
Accrued expenses	0	20,000
Accrued expenses, related party	3,572	4,529
Net cash used in operating activities	-583,287	-215,824
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of oil and gas assets	-659,331	-30,000
Purchase of equipment	-1,999	-1,439
Net cash used in investing activities	-661,330	-31,439
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock	1,170,000	200,000
Proceeds from stock subscription	250,000	0
Repayment of note payable, related party	0	-2,133
Proceeds from note payable, related party	0	49,882
Net cash provided by financing activities	1,420,000	247,749
NET CHANGE IN CASH	175,383	486
CASH AT BEGINNING OF PERIOD	486	0
CASH AT END OF PERIOD	175,869	486
SUPPLEMENTAL INFORMATION:
Interest paid	0	0
Income taxes paid	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Contributed capital from debt forgiveness	$59,655	$0

1_Nature_of_Business_and_Signi

1. Nature of Business and Significant Accounting Policies	12 Months Ended
	Nov. 30, 2014
Accounting Policies [Abstract]
Nature of Business and Significant Accounting Policies	Nature of Business
	Virtus Oil and Gas Corp. (“the Company”) was incorporated in the state of Nevada on September 30, 2009 (“Inception”). The Company was originally formed as Curry Gold Corp to become an operator and franchisor of fast-casual food catering vans that capitalize on the growing trend of food to go (convenience food) with its Currywurst product, a product native to Germany, and market it through Switzerland and into major metropolitan US cities. On July 17, 2012, however, the Company abandoned its plans to enter into the catering van business and is now an oil and gas exploration and production company.
	Our properties are located in Iron County in southern Utah.
	Basis of Presentation
	The financial statements included herein, presented in accordance with United States generally accepted accounting principles and is stated in US currency have been prepared by the Company pursuant to the rules and regulations of the SEC.
	The Company has limited operating history and has earned no revenues. Since September 2013, the Company has devoted its activities to the acquisition of oil and gas assets. The Company is in the initial exploration stage and has incurred losses since inception of $2,893,537.
	The Company has adopted a fiscal year end of November 30.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	We maintain cash balances in non-interest-bearing accounts, which do not currently exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents.
	Stock Based Compensation
	The Company accounts for share-based expense and activity in accordance with FASB ASC Topic 718, which establishes accounting for equity instruments exchanged for services. Under this provision, share-based compensation costs are measured at the grant date, based on the calculated fair value of the award, and are recognized as an expense over both the employee and non-employee’s requisite service period, generally the vesting period of the equity grant.
	Reclassification
	Certain amounts in the 2013 financial statements have been reclassified to conform to the 2014 financial presentation. These reclassifications have no impact on net loss.
	Accounting for Oil and Gas Properties
	The Company utilizes the full cost method to account for its investment in oil and gas properties. Accordingly, all costs associated with acquisition, exploration and development of oil and gas reserves, including such costs as leasehold acquisition costs, professional fees incurred for the lease acquisitions, capitalized interest costs relating to properties, geological expenditures, and tangible and intangible development costs (including direct internal costs), are capitalized into the full cost pool. When the Company commences production from established proven oil and gas reserves, capitalized costs, including estimated future costs to develop the reserves and estimated abandonment costs, will be depleted on the units-of-production method using estimates of proven reserves. Investments in unproved properties and major development projects, including capitalized interest if any, are not depleted until proven reserves associated with the projects can be determined. If the future exploration of unproven properties is determined to be uneconomical, the amount of such properties is added to the capital costs to be depleted.  As of November 30, 2014, the Company's oil and gas properties consisted of capitalized acquisition and exploration costs for unproved mineral rights.
	Fair Value Estimates
	Pursuant to the Accounting Standards Codification (“ASC”) No. 820, “Disclosures About Fair Value of Financial Instruments”, the Company records its financial assets and liabilities at fair value. ASC No. 820 provides a framework for measuring fair value, clarifies the definition of fair value and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. ASC No. 820 establishes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
	Level 1—Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.
	Level 2—Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the asset/liability’s anticipated life.
	Level 3—Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model.
	The carrying values for cash and cash equivalents, prepaid assets, accounts payable and accrued liabilities approximate their fair value due to their short maturities.
	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided for significant deferred tax assets when it is more likely than not, that such asset will not be recovered through future operations.
	Fair Value of Financial Instruments
	Financial instruments consist principally of cash, trade and notes receivables, trade and related party payables and accrued liabilities. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short-term nature. It is management’s opinion that the Company is not exposed to significant currency or credit risks arising from these financial instruments.
	Basic and Diluted Loss per Share
	The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.
	Recent Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, Presentation of Financial Statements  (Topic 205) and Property, Plant, and Equipment (Topic 360) — Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). The amendments in ASU 2014-08 change the criteria for reporting discontinued operations while enhancing disclosures in this area. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. The new guidance is effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. The adoption of the new guidance did not have a material impact on the Company.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. Because the Company has no revenues, the new guidance is not expected to have a material impact on its financial statements and related disclosures.
	The Company has elected to adopt early application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; it no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915.

2_Going_Concern

2. Going Concern	12 Months Ended
	Nov. 30, 2014
Risks and Uncertainties [Abstract]
Going Concern	As shown in the accompanying financial statements, the Company has no revenues and has incurred continuous losses from operations, had an accumulated deficit of $2,893,537 and $383,471 at November 30, 2014 and 2013, respectively, and a working capital deficit of $170,529 at November 30, 2014 and a working capital deficit of $106,287 at November 30, 2013. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is actively pursuing new ventures to increase revenues. In addition, the Company is currently seeking additional sources of capital to fund short term operations. The Company, however, is dependent upon its ability to secure equity and/or debt financing and there are no assurances that the Company will be successful, therefore, without sufficient financing it would be unlikely for the Company to continue as a going concern.
	The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

3_Related_Party

3. Related Party	12 Months Ended
	Nov. 30, 2014
Related Party Transactions [Abstract]
Related Party	From time to time one of the Company’s prior CEOs, Daniel M. Ferris paid invoices on behalf of the Company. As of November 30, 2012, the Company owed Mr. Ferris a total of $14,918 as presented within accounts payable, related parties on the Company’s balance sheet. During the fiscal year ending November 30, 2013, Mr. Ferris advanced the Company $32,831 and the balance due to Mr. Ferris at November 30, 2012 was reclassified and included in note payable, related party at November 30, 2013. The note bears interest at 10%. The total amount due to Mr. Ferris at November 30, 2013 was $52,278, including principal and accrued interest. In July, 2014, Mr. Ferris forgave the amounts owed to him totaling $59,655 consisting of $47,749 in principal and $8,101 of accrued interest, as well as $3,805 in unpaid salary.
	On August 1, 2013, the Company entered into an engagement letter with Clear Financial Solutions, Inc., a Texas corporation (Clear Financial). On December 5, 2013, the Company and Clear Financial entered into Amendment No.1 to Engagement Letter. Under the engagement letter and the amendment (collectively, the “Engagement Letter”) Clear Financial will provide certain financial consulting services to the Company and Mr. Steven M. Plumb, founder and President of Clear Financial, will serve as the Chief Financial Officer of the Company. Clear Financial will, among other things, prepare and review the Company’s financial statements, oversee internal accounting controls and provide advice on generally accepted accounting principles. In addition, as compensation for the services provided, the Company will pay Clear Financial a fee of $4,500 per month and has agreed to issue up to 1,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), to Mr. Plumb (In February 2014, the Company issued 500,000 shares and the remaining 500,000 shares were issued in February 2015). The Engagement Letter has an initial term of one year and will automatically renew for successive one-year periods until terminated by either party upon 60 days’ written notice prior to the end of the then current term. Clear Financial was paid $18,000 for Mr. Plumb’s services during the fiscal year ended November 30, 2013 and $57,500 during the fiscal year ended November 30, 2014.
	The Engagement Letter further provides that Clear Financial may from time to time bring oil and gas investment opportunities to the Company’s attention. Pursuant to the Engagement Letter, the Company will assign a 1% carried interest to each of Mr. Plumb and/or Mr. Jerry Walters, a principal of Clear Financial, with respect to each oil and gas investment opportunity that Messrs. Plumb and/or Walters bring to the Company’s attention and in which the Company invests.
	On May 13, 2014, the Company appointed Rupert Ireland to serve as President, Chief Executive Officer, Secretary and Treasurer of the Company, effective immediately. In connection with Mr. Ireland’s appointment as President and Chief Executive Officer, the Company entered into an Employment Agreement, dated May 13, 2014, with Mr. Ireland. Pursuant to the Employment Agreement, Mr. Ireland will be paid a base salary of $120,000 per year and a signing bonus of $5,000. Mr. Ireland will also be entitled to receive up to 3,000,000 shares of the Common Stock to be issued in increments of 1,000,000 shares on May 13 in 2015, 2016 and 2017, if he continues to be employed. The Employment Agreement has an initial term of three years and will automatically renew for successive one-year periods until earlier terminated. The Employment Agreement may be terminated (i) at any time by the Company for “cause,” (ii) upon no less than 60 days’ written notice by either party for any reason, or (iii) upon no less than 30 days’ written notice by either party at the end of the original 3-year term or any renewal term. The Employment Agreement also terminates immediately upon Mr. Ireland’s death or disability.
	If Mr. Ireland’s employment is terminated for “cause” by the Company, or if he voluntarily resigns, then he will forfeit any shares of Common Stock that have not yet been issued by the Company as of the date of such termination or resignation. If Mr. Ireland’s employment is terminated for any other reason, he will be entitled to receive the full 3,000,000 shares of Common Stock. The Employment Agreement defines “cause” as the willful and continued failure by Mr. Ireland to perform his duties, the conviction of a felony, or any other material conduct that is contrary to the best interests of the Company or adversely affects the reputation of the Company.
	The fair market value of Mr. Ireland’s stock award was $2,550,000 on the date of grant. The Company is recognizing $70,833 per month in compensation related expense. As of November 30, 2014, the Company recognized $460,414 in expense related to Mr. Ireland’s stock grant.

4_Property_and_equipment_net

4. Property and equipment, net	12 Months Ended
	Nov. 30, 2014
Property, Plant and Equipment [Abstract]
Property and equipment, net	Property and equipment consist of the following at November 30, 2014 and 2013, respectively:
		November 30,			November 30,
		2014			2013
	Office equipment	$	3,438		$	1,439
	Less accumulated depreciation		(565	)		(144	)
		$	2,873		$	1,295
	Depreciation and amortization expense totaled $421 and $144 for the years ended November 30, 2014 and 2013, respectively.

5_Oil_Gas_Properties

5. Oil & Gas Properties	12 Months Ended
	Nov. 30, 2014
Oil and Gas Property [Abstract]
Oil & Gas Properties	Tidewater Agreement
	On August 19, 2014, Virtus Oil & Gas Corp. completed the acquisition of oil and gas leases issued by the U.S. Bureau of Land Management (the “BLM”) covering approximately 36,787 acres in Iron County, Utah (the “Tidewater Leases”) pursuant to a letter agreement entered into with Tidewater Oil & Gas Company, LLC (“Tidewater”) as of November 13, 2013 (as amended, the “Tidewater Agreement”).  The acreage subject to the Tidewater Leases is located in an area known as the Parowan Prospect in the Central Utah Overthrust region of southwestern Utah. Virtus acquired an 87.5% working interest and an 80% net revenue interest in the Leases.
	The aggregate purchase price of the Leases was $290,000, which was paid in installments beginning in December 2013. Virtus made the final payment of the purchase price on August 1, 2014, and thereafter the Company and Tidewater subsequently prepared and executed the appropriate assignments and other forms required by the BLM and the county clerk to reflect the assignment of the Leases from Tidewater to Virtus. Tidewater’s sale of the leases was subject to the approval of the U.S. District Court for the District of Colorado (the “Bankruptcy Court”), which is presiding over Tidewater’s Chapter 11 bankruptcy proceedings. The Bankruptcy Court approved the sale of the leases on December 11, 2013.
	The Tidewater Agreement contemplates the drilling of an initial 12,000 foot vertical test well in the Jurassic-Navajo, Permian-Kaibab formation on the leases. Although Tidewater retained a 12.5% working interest in the Tidewater Leases, the Company agreed to pay 100% of the cost of drilling and completing this test well, which is estimated to be approximately $2.5 million. The Company has agreed to pre-pay such costs at least 30 days prior to the spud date, which was originally required to be no later than February 3, 2015. However, the Company and Tidewater extended the date to September 1, 2015, by a First Amendment to Letter Agreement dated May 6, 2014. If the Company fails to prepay such costs, it will forfeit its interests in the Tidewater Leases to Tidewater, along with the purchase price and any other costs or fees paid under the Tidewater Agreement. On October 14, 2014, the Company paid $17,274 to Tidewater for reimbursement of costs. In addition to the payments made under the Tidewater Agreement, the Company incurred $171,584 in capitalized exploration costs for a total of $491,116.
	TJBB Agreement
	On September 22, 2014, the Company, made the last payment ($75,000) required for the acquisition of BLM oil and gas leases covering approximately 18,690.50 acres in Iron County, Utah (the “TJBB Leases”) pursuant to a letter agreement with Tom Johnson and Bill Berryman (“TJBB”), dated May 6, 2014 (the “TJBB Agreement”). The total purchase price for the TJBB Leases was $168,215. The acreage subject to the TJBB Leases is also located in an area known as the Parowan Prospect in the Central Utah Overthrust region of southwestern Utah.
	Pursuant to the TJBB Agreement, the purchase price for the leases was $168,215, which was paid in installments from May through September of 2014. The Company acquired an 87.5% working interest and an 80% net revenue interest in the TJBB Leases. TJBB retained a 12.5% working interest in the TJBB Leases, although the Company agreed to pay 100% of the cost of drilling and completing a 12,000 foot vertical test well in the Jurassic-Navajo, Permian-Kaibab formation by September 1, 2015. The Company’s requirement to drill the initial test well is contained in both the Tidewater Agreement and the TJBB Agreement, and by drilling one well in the noted formation, the Company believes it will have satisfied its initial test well drilling obligation under each of those agreements. If the Company fails to drill and complete the initial test well in the Jurassic-Navajo, Permian-Kaibab formation by the deadline under the TJBB Agreement, the Company will forfeit its interest in the leases covered by both the TJBB Agreement and the Tidewater Agreement.
	Pioneer Agreement
	On October 19, 2013, the Company entered into a Purchase Agreement with Pioneer Oil and Gas, pursuant to which the Company agreed to purchase two separate oil and gas leases issued by the BLM covering approximately 4,150 acres in Beaver County, Utah, for an aggregate purchase price of $460,000. The Company made an initial payment of $30,000 to Seller on October 25, 2013, but did not make any subsequent payments because it chose not to pursue development of those leases. On December 23, 2013, the Company delivered written notice to Seller of the Company’s intention to terminate the purchase agreement. As a result, the agreement was terminated by seller in December 2013, and the Company forfeited its initial payment and any rights to the subject leases.
	Seismic Exchange
	On July 1, 2014, the Company engaged Seismic Exchange, Inc., a Louisiana corporation (“SEI”), to provide certain two-dimensional seismic data covering approximately 47.44 square miles for an aggregate purchase price of $98,434. The seismic data includes geophysical and geological information along the Parowan Prospect in Iron County, Utah, where the Company had acquired its working interest in oil and gas leases covering an aggregate 55,477.50 acres. The License Agreement has a term of seven years from the effective date of June 12, 2014, subject to earlier termination by SEI upon a material breach by the Company. The term of the Supplemental Agreement attached to the License Agreement will end 20 years after the effective date. The seismic data acquired from SEI is intended to provide the Company with a greater understanding of the subsurface geology and aid its geologists in selecting the optimal location to drill its first well. The Company has had the data reprocessed and integrated with its existing seismic data to outline potential drilling prospects. The Company has selected a drilling location for the first well that it expects to drill in the Parowan Prospect and has applied for a permit to drill this well.

6_Note_Payable_Related_Party

6. Note Payable, Related Party	12 Months Ended
	Nov. 30, 2014
Debt Disclosure [Abstract]
Notes Payable, Related Party	Note payable, related party consists of the following at November 30, 2014 and 2013, respectively:
		November 30,		November 30,
		2014		2013
	10% unsecured demand loan from the CEO in the amount of $47,749.	$	–	$	47,749
	The Company had accrued interest of $-0- and $4,529 owed to the Company’s former CEO as of November 30, 2014 and 2013, respectively. As of November 30, 2014 all related party notes have been forgiven.

7_Stockholders_Equity

7. Stockholders' Equity	12 Months Ended
	Nov. 30, 2014
Equity [Abstract]
Stockholders' Equity	Common Stock
	As a result of the forward stock split on August 30, 2013, 33,550,000 additional shares were issued. The financial statements contained herein reflect the appropriate values for capital stock and accumulated deficit. Unless otherwise noted, all references in the accompanying financial statements to the number of common shares and per share amounts have been retroactively restated to reflect the forward stock split.
	On July 19, 2013, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 150,000 shares of Common Stock to the investor for an aggregate purchase price of $50,000, or $0.3333 per share.
	On August 20, 2013, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 150,000 shares of Common Stock to the investor for an aggregate purchase price of $50,000, or $0.3333 per share. The proceeds were received on August 20, 2013, and the shares have been issued as of the date of this Annual Report.
	On October 7, 2013, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 250,000 shares of Common Stock to the investor for an aggregate purchase price of $100,000, or $0.3333 per share. 100,000 shares were issued on October 24, 2013, resulting in $60,000 in stock subscription payable as of November 30, 2013. The remaining 150,000 shares were issued on March 19, 2014.
	On December 10, 2013, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 250,000 shares of Common Stock to the investor for an aggregate purchase price of $100,000, or $0.40 per share.
	On January 9, 2014, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 250,000 shares of Common Stock to the investor for an aggregate purchase price of $100,000, or $0.40 per share.
	On February 6, 2014, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 250,000 shares of Common Stock to the investor for an aggregate purchase price of $100,000, or $0.40 per share.
	On April 20, 2014, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 125,000 shares of Common Stock to the investor for an aggregate purchase price of $50,000, or $0.40 per share
	On April 25, 2014, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 300,000 shares of Common Stock to the investor for an aggregate purchase price of $120,000, or $0.40 per share.
	On May 27, 2014, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 250,000 shares of Common Stock to the investor for an aggregate purchase price of $100,000, or $0.40 per share. The proceeds were received on June 10, 2014, but only 100,000 shares have been issued as of November 30, 2014. The remaining proceeds of $60,000 are recorded as a stock payable as of November 30, 2014.
	On July 2, 2014, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 203,776 shares of Common Stock to the investor for an aggregate purchase price of $150,000, or $0.74 per share.
	On July 21, 2014, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 154,735 shares of Common Stock to the investor for an aggregate purchase price of $150,000, or $0.97 per share.
	On July 31, 2014, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 140,437 shares of Common Stock to the investor for an aggregate purchase price of $150,000, or $1.07 per share.
	On September 9, 2014, the Company entered into a Securities Purchase Agreement with Fieldstone Industries, Inc., pursuant to which the Company agreed to issue 136,116 shares of Common Stock to the investor for an aggregate purchase price of $150,000, or $1.10 per share.
	On October 30, 2014, the Company entered into a Securities Purchase Agreement with Mablewood Investments, pursuant to which the Company agreed to issue 184,856 shares of Common Stock to the investor for an aggregate purchase price of $250,000, or $1.35 per share. The proceeds were received on November 7, 2014, but the shares were not issued until January 21, 2015. The proceeds are recorded as a stock payable as of November 30, 2014.
	Stock Compensation
	The Company has stock based compensation agreements with its senior executives, Rupert Ireland and Steven Plumb, and had one previously with its prior CEO, Dan Ferris. During the year ended November 30, 2014, the Company recognized $460,414, $766,664 and $200,000, respectively, as compensation to each executive. Mr. Plumb was issued 500,000 shares in December 2013 in accordance with his contract. Mr. Plumb is due 500,000 in December 2014, the expense of which is included in stock compensation. Mr. Ireland is due 1,000,000 in May 2015, which is being expensed and included in stock compensation.
	On March 19, 2014, the Company issued 250,000 shares of its $0.001 par value common stock to a consultant as compensation for services rendered. The fair market value of the common stock on the date of issuance was $200,000.
	An additional $277,204 in stock compensation to our COO and a consultant was recorded during the year ended November 30, 2014.
	Contributed Capital
	On July 6, 2012, a total of $40,307 of debts, including accrued interest of $5,954, owed to the former CEO were forgiven and contributed to capital.
	On June 26, 2012, a total of $22,672 of debt, including accrued interest of $1,237 was forgiven and contributed to capital.
	In July 2014, a total of $59,655 of debt, including accrued interest and unpaid salary was forgiven by the former CEO of the Company and contributed to capital.

8_Income_Taxes

8. Income Taxes	12 Months Ended
	Nov. 30, 2014
Income Tax Disclosure [Abstract]
Income Taxes	The Company accounts for income taxes under FASB ASC 740-10, which provides for an asset and liability approach of accounting for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted tax laws, attributed to temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts calculated for income tax purposes.
	For the years ended November 30, 2014 and 2013, respectively, the Company incurred net operating losses and, accordingly, no provision for income taxes has been recorded. In addition, no benefit for income taxes has been recorded due to the uncertainty of the realization of any tax assets. The Company had approximately $2,616,333 and $383,471 of federal net operating losses at November 30, 2014 and 2013, respectively. The net operating loss carry forwards, if not utilized, will begin to expire in 2030.
	The components of the Company’s deferred tax asset are as follows:
		November 30,			November 30,
		2014			2013
	Deferred tax assets:
	Net operating loss carry forwards	$	2,894,000		$	383,471
	Net deferred tax assets before valuation allowance		984,000			134,200
	Less: Valuation allowance		(984,000	)		(134,200	)
	Net deferred tax assets	$	–		$	–
	Based on the available objective evidence, including the Company’s history of its loss, management believes it is more likely than not that the net deferred tax assets will not be fully realizable. Accordingly, the Company provided for a full valuation allowance against its net deferred tax assets at November 30, 2014 and 2013, respectively.
	A reconciliation between the amounts of income tax benefit determined by applying the applicable U.S. and State statutory income tax rate to pre-tax loss is as follows:
		November 30,			November 30,
		2014			2013
	Federal and state statutory rate		34%			34%
	Change in valuation allowance on deferred tax assets		(34%	)		(34%	)
	In accordance with FASB ASC 740, the Company has evaluated its tax positions and determined there are no uncertain tax positions as of any date on or before November 30, 2014.

9_Commitments

9. Commitments	12 Months Ended
	Nov. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments	On August 1, 2013, the Company entered into an engagement letter with Clear Financial Solutions, Inc., (“Clear Financial”). On December 5, 2013, the Company and Clear Financial entered into Amendment No. 1 to the Engagement Letter.
	Under the Engagement Letter, Clear Financial will provide certain financial consulting services to the Company and Mr. Steven M. Plumb, founder and President of Clear Financial, will serve as the Chief Financial Officer of the Company. As compensation for the services provided, the Company will pay Clear Financial a fee of $4,500 per month and has agreed to issue up to 1,000,000 shares of the Common Stock to Mr. Plumb. The Engagement Letter has an initial term of one year and will automatically renew for successive one-year periods until terminated by either party upon 60 days’ written notice prior to the end of the then current term. Mr. Plumb has been paid $18,000 under the agreement during the year ended November 30, 2013 and $57,500 during the year ended November 30, 2014. In February 2014, the Company issued Mr. Plumb 500,000 shares of restricted common stock of the Company. On February 6, 2015, the Company issued the remaining 500,000 shares.
	The Engagement Letter further provides that Clear Financial may from time to time bring oil and gas investment opportunities to the Company’s attention. Pursuant to the Engagement Letter, the Company will assign a 1% carried interest to each of Mr. Plumb and/or Mr. Jerry Walters, a principal of Clear Financial, with respect to each oil and gas investment opportunity that Messrs. Plumb and/or Walters bring to the Company’s attention and in which the Company invests.
	On August 19, 2014, Virtus Oil & Gas Corp. completed the acquisition of oil and gas leases issued by the U.S. Bureau of Land Management (the “BLM”) covering approximately 36,787 acres in Iron County, Utah (the “Tidewater Leases”) pursuant to a letter agreement entered into with Tidewater Oil & Gas Company, LLC (“Tidewater”) as of November 13, 2013 (as amended, the “Tidewater Agreement”).  The acreage subject to the Tidewater Leases is located in an area known as the Parowan Prospect in the Central Utah Overthrust region of southwestern Utah. Virtus acquired an 87.5% working interest and an 80% net revenue interest in the Leases.
	The aggregate purchase price of the Leases was $290,000, which was paid in installments beginning in December 2013. Virtus made the final payment of the purchase price on August 1, 2014, and thereafter the Company and Tidewater subsequently prepared and executed the appropriate assignments and other forms required by the BLM and the county clerk to reflect the assignment of the Leases from Tidewater to Virtus. Tidewater’s sale of the leases was subject to the approval of the U.S. District Court for the District of Colorado (the “Bankruptcy Court”), which is presiding over Tidewater’s Chapter 11 bankruptcy proceedings. The Bankruptcy Court approved the sale of the leases on December 11, 2013.
	The Tidewater Agreement contemplates the drilling of an initial 12,000 foot vertical test well in the Jurassic-Navajo, Permian-Kaibab formation on the leases. Although Tidewater retained a 12.5% working interest in the Tidewater Leases, the Company agreed to pay 100% of the cost of drilling and completing this test well, which is estimated to be approximately $2.5 million. The Company has agreed to pre-pay such costs at least 30 days prior to the spud date, which was originally required to be no later than February 3, 2015. However, the Company and Tidewater extended the date to September 1, 2015, by a First Amendment to Letter Agreement dated May 6, 2014. If the Company fails to prepay such costs, it will forfeit its interests in the Tidewater Leases to Tidewater, along with the purchase price and any other costs or fees paid under the Tidewater Agreement. On October 14, 2014, the Company paid $17,274 to Tidewater for reimbursement of costs. In addition to the payments made under the Tidewater Agreement, the Company incurred $171,584 in capitalized exploration costs for a total of $491,116.
	On May 13, 2014, the Company appointed Rupert Ireland to serve as President, Chief Executive Officer, Secretary and Treasurer of the Company, effective immediately. In connection with Mr. Ireland’s appointment as President and Chief Executive Officer, the Company entered into an Employment Agreement, dated May 13, 2014, with Mr. Ireland. Pursuant to the Employment Agreement, Mr. Ireland will be paid a base salary of $120,000 per year and a signing bonus of $5,000. Mr. Ireland will also be entitled to receive up to 3,000,000 shares of the Common Stock to be issued in increments of 1,000,000 shares on May 13 2015, 2016 and 2017, if he continues to be employed. The Employment Agreement has an initial term of three years and will automatically renew for successive one-year periods until earlier terminated. The Employment Agreement may be terminated (i) at any time by the Company for “cause,” (ii) upon no less than 60 days’ written notice by either party for any reason, or (iii) upon no less than 30 days’ written notice by either party at the end of the original 3-year term or any renewal term. The Employment Agreement also terminates immediately upon Mr. Ireland’s death or disability.
	If Mr. Ireland’s employment is terminated for “cause” by the Company, or if he voluntarily resigns, then he will forfeit any shares of Common Stock that have not yet been issued by the Company as of the date of such termination or resignation. If Mr. Ireland’s employment is terminated for any other reason, he will be entitled to receive the full 3,000,000 shares of Common Stock. The Employment Agreement defines “cause” as the willful and continued failure by Mr. Ireland to perform his duties, the conviction of a felony, or any other material conduct that is contrary to the best interests of the Company or adversely affects the reputation of the Company.
	The fair market value of Mr. Ireland’s stock award was $2,550,000 on the date of grant. The Company is recognizing $70,833 per month in compensation related expense. During the year ended November 30, 2014, the Company recognized $460,414 in expense related to Mr. Ireland’s stock grant.
	On June 1, 2014 (“effective date”), the Company entered into a consulting agreement with a company owned by Brett Murray, our Chief Operating Officer, to provide the services of a professional “landman” on its oil and gas leases. Pursuant to the agreement, the consultant will be paid a consulting fee of $9,000 per month.
	The consultant will also be entitled to receive up to 2,000,000 shares of the Common Stock, $0.001 par value per share, on the following schedule: (i) one hundred twenty five thousand (125,000) shares of common stock on the effective date; (ii) three hundred seventy five thousand (375,000) shares on the one year anniversary of the effective date; and (iii) two hundred fifty thousand (250,000) shares on each six-month anniversary thereafter.
	The agreement has an initial term of one year and will automatically renew for successive one-year periods unless either party provides the other party written notice of its intention to not renew the agreement at least thirty days prior to the end of the initial term.
	As of November 30, 2014, 125,000 shares have vested and have not been issued. The Company has accrued stock compensation expense of $230,204. The shares will be issued during the fiscal year ended 2015.
	On April 17, 2014 (“effective date”), the Company entered into an agreement with a consultant to provide geophysical services on its oil and gas leases. Pursuant to the agreement, the consultant will be paid a consulting fee of $5,000 per month.
	The consultant will also be entitled to receive up to 100,000 shares of the Common Stock, $0.001 par value per share, on the following schedule: (i) fifty thousand (50,000) shares of common stock on the effective date; and (ii) in the event that the agreement is extended for an additional six months beyond the initial term, fifty thousand (50,000) shares on the six month anniversary of the effective date.
	The agreement has an initial term of six months and will automatically renew for one additional six month period unless either party provides the other party written notice of its intention to not renew the agreement at least thirty days prior to the end of the initial term.
	As of November 30, 2014, the 50,000 shares have not been issued and the Company has accrued stock compensation expense of $47,000. The shares will be issued during the fiscal year ended 2015.
	The following table summarizes the commitments disclosed above, as of November 30, 2014;
	Recipient	Total	Vested	Shares due at November 30, 2014
	Rupert Ireland	3,000,000	-	3,000,000
	Steven Plumb	1,000,000	500,000	500,000
	Daniel Ferris	1,500,000	-	1,500,000
	Brett Murray	2,000,000	125,000	1,875,000
	Robert Benson	100,000	50,000	50,000
		7,600,000	675,000	6,925,000

10_Subsequent_Events

10. Subsequent Events	12 Months Ended
	Nov. 30, 2014
Subsequent Events [Abstract]
Subsequent Events	On January 21, 2015, 184,856 shares were issued to Mablewood Investments in conjunction with their SPA dated October 30, 2014.
	On February 6, 2015, the Company issued 500,000 shares of Common Stock to its chief financial officer in accordance with his contract.
	On February 27, 2015, the Company entered into a Securities Purchase Agreement with Mablewood Investments pursuant to which the Company agreed to issue 187,794 shares of Common Stock to the investor for an aggregate purchase price of $100,000, or $0.53 per share.

1_Nature_of_Business_and_Signi1

1. Nature of Business and Significant Accounting Policies (Policy)	12 Months Ended
	Nov. 30, 2014
Accounting Policies [Abstract]
Nature of Business	Nature of Business
	Virtus Oil and Gas Corp. (“the Company”) was incorporated in the state of Nevada on September 30, 2009 (“Inception”). The Company was originally formed as Curry Gold Corp to become an operator and franchisor of fast-casual food catering vans that capitalize on the growing trend of food to go (convenience food) with its Currywurst product, a product native to Germany, and market it through Switzerland and into major metropolitan US cities. On July 17, 2012, however, the Company abandoned its plans to enter into the catering van business and is now an oil and gas exploration and production company.
	Our properties are located in Iron County in southern Utah.
Basis of Presentation	Basis of Presentation
	The financial statements included herein, presented in accordance with United States generally accepted accounting principles and is stated in US currency have been prepared by the Company pursuant to the rules and regulations of the SEC.
	The Company has limited operating history and has earned no revenues. Since September 2013, the Company has devoted its activities to the acquisition of oil and gas assets. The Company is in the initial exploration stage and has incurred losses since inception of $2,893,537.
	The Company has adopted a fiscal year end of November 30.
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents
	We maintain cash balances in non-interest-bearing accounts, which do not currently exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents.
Stock Based Compensation	Stock Based Compensation
	The Company accounts for share-based expense and activity in accordance with FASB ASC Topic 718, which establishes accounting for equity instruments exchanged for services. Under this provision, share-based compensation costs are measured at the grant date, based on the calculated fair value of the award, and are recognized as an expense over both the employee and non-employee’s requisite service period, generally the vesting period of the equity grant.
Reclassification	Reclassification
	Certain amounts in the 2013 financial statements have been reclassified to conform to the 2014 financial presentation. These reclassifications have no impact on net loss.
Accounting for Oil and Gas Properties	Accounting for Oil and Gas Properties
	The Company utilizes the full cost method to account for its investment in oil and gas properties.  Accordingly, all costs associated with acquisition, exploration and development of oil and gas reserves, including such costs as leasehold acquisition costs, professional fees incurred for the lease acquisitions, capitalized interest costs relating to properties, geological expenditures, and tangible and intangible development costs (including direct internal costs), are capitalized into the full cost pool. When the Company commences production from established proven oil and gas reserves, capitalized costs, including estimated future costs to develop the reserves and estimated abandonment costs, will be depleted on the units-of-production  method using estimates of proven reserves. Investments in unproved properties and major development projects, including capitalized interest if any, are not depleted until proven reserves associated with the projects can be determined.  If the future exploration of unproven properties is determined to be uneconomical, the amount of such properties is added to the capital costs to be depleted.  As of November 30, 2014, the Company's oil and gas properties consisted of capitalized acquisition and exploration costs for unproved mineral rights.
Fair Value Estimates	Fair Value Estimates
	Pursuant to the Accounting Standards Codification (“ASC”) No. 820, “Disclosures About Fair Value of Financial Instruments”, the Company records its financial assets and liabilities at fair value. ASC No. 820 provides a framework for measuring fair value, clarifies the definition of fair value and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. ASC No. 820 establishes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
	Level 1—Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.
	Level 2—Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the asset/liability’s anticipated life.
	Level 3—Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model.
	The carrying values for cash and cash equivalents, prepaid assets, accounts payable and accrued liabilities approximate their fair value due to their short maturities.
Income Taxes	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided for significant deferred tax assets when it is more likely than not, that such asset will not be recovered through future operations.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	Financial instruments consist principally of cash, trade and notes receivables, trade and related party payables and accrued liabilities. The carrying amounts of such financial instruments in the accompanying balance sheets approximate their fair values due to their relatively short-term nature. It is management’s opinion that the Company is not exposed to significant currency or credit risks arising from these financial instruments.
Basic and Diluted Loss per Share	Basic and Diluted Loss per Share
	The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the periods presented, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, Presentation of Financial Statements  (Topic 205) and Property, Plant, and Equipment (Topic 360) — Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). The amendments in ASU 2014-08 change the criteria for reporting discontinued operations while enhancing disclosures in this area. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. The new guidance is effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. The adoption of the new guidance did not have a material impact on the Company.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. Because the Company has no revenues, the new guidance is not expected to have a material impact on its financial statements and related disclosures.
	The Company has elected to adopt early application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; it no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915.

4_Property_and_equipment_net_T

4. Property and equipment, net (Tables)	12 Months Ended
	Nov. 30, 2014
Property And Equipment Net Tables
Property and equipment, net	Property and equipment consist of the following at November 30, 2014 and 2013, respectively:
		November 30,			November 30,
		2014			2013
	Office equipment	$	3,438		$	1,439
	Less accumulated depreciation		(565	)		(144	)
		$	2,873		$	1,295

6_Note_Payable_Related_Party_T

6. Note Payable, Related Party (Tables)	12 Months Ended
	Nov. 30, 2014
Debt Disclosure [Abstract]
Notes payable, related party	Note payable, related party consists of the following at November 30, 2014 and 2013, respectively:
		November 30,		November 30,
		2014		2013
	10% unsecured demand loan from the CEO in the amount of $47,749.	$	–	$	47,749

8_Income_Taxes_Tables

8. Income Taxes (Tables)	12 Months Ended
	Nov. 30, 2014
Income Tax Disclosure [Abstract]
Deferred Taxes	The components of the Company’s deferred tax asset are as follows:
		November 30,			November 30,
		2014			2013
	Deferred tax assets:
	Net operating loss carry forwards	$	2,894,000		$	383,471
	Net deferred tax assets before valuation allowance		984,000			134,200
	Less: Valuation allowance		(984,000	)		(134,200	)
	Net deferred tax assets	$	–		$	–
Reconciliation of Income Tax Benefit	A reconciliation between the amounts of income tax benefit determined by applying the applicable U.S. and State statutory income tax rate to pre-tax loss is as follows:
		November 30,			November 30,
		2014			2013
	Federal and state statutory rate		34%			34%
	Change in valuation allowance on deferred tax assets		(34%	)		(34%	)

Disclosure_9_Commitments_Table

Disclosure - 9. Commitments (Tables)	12 Months Ended
	Nov. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Share based commitments	Recipient	Total	Vested	Shares due at November 30, 2014
	Rupert Ireland	3,000,000	-	3,000,000
	Steven Plumb	1,000,000	500,000	500,000
	Daniel Ferris	1,500,000	-	1,500,000
	Brett Murray	2,000,000	125,000	1,875,000
	Robert Benson	100,000	50,000	50,000
		7,600,000	675,000	6,925,000

2_Going_Concern_Details_Narrat

2. Going Concern (Details Narrative) (USD $)	Nov. 30, 2014	Nov. 30, 2013
Risks and Uncertainties [Abstract]
Working capital	($170,529)	($106,287)
Accumulated deficit	$2,893,537	$383,471

4_Property_and_equipment_net_D

4. Property and equipment, net (Details) (USD $)	12 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Property, Plant and Equipment [Abstract]
Office equipment	$3,438	$1,439
Less accumulated depreciation	-565	-144
Property and equipment, net	2,873	1,295
Depreciation expense	$421	$144

Disclosure_5_Oil_Gas_Propertie

Disclosure - 5. Oil & Gas Properties (Details Narrative) (USD $)	12 Months Ended
	Nov. 30, 2014
Tidewater Agreement
Purchase commitment	$290,000
Capitalized exploration costs	491,116
TJBB Agreement
Purchase commitment	168,215
Seismic Exchange
Purchase commitment	$98,434

6_Note_Payable_Related_Party_D

6. Note Payable Related Party (Details) (USD $)	Nov. 30, 2014	Nov. 30, 2013
Note payable, related party
Note payable, related party	$0	$47,749

6_Note_Payable_Related_Party_D1

6. Note Payable, Related Party (Details Narrative) (USD $)	Nov. 30, 2014	Nov. 30, 2013
Note Payable Related Party Details Narrative
Accrued interest, related party	$0	$4,529

7_Stockholders_Equity_Details_

7. Stockholders' Equity (Details Narrative) (USD $)	12 Months Ended
	Nov. 30, 2014
Ireland
Stock based compensation expense	$460,414
Plumb
Stock based compensation expense	766,664
Ferris
Stock based compensation expense	$200,000

8_Income_Taxes_DetailsDeferred

8. Income Taxes (Details-Deferred Taxes) (USD $)	Nov. 30, 2014	Nov. 30, 2013
Deferred tax assets
Net operating loss carry forwards	$2,894,000	$383,471
Net deferred tax assets before valuation allowance	984,000	134,200
Less: valuation allowance	-984,000	-134,200
Net deferred tax assets	$0	$0

8_Income_Taxes_DetailsTax_Rate

8. Income Taxes (Details-Tax Rate)	12 Months Ended
	Nov. 30, 2014	Nov. 30, 2013
Income Tax Disclosure [Abstract]
Federal and state statutory rate	34.00%	34.00%
Change in valuation allowance on deferred tax assets	-34.00%	-34.00%

8_Income_Taxes_Details_Narrati

8. Income Taxes (Details Narrative) (USD $)	Nov. 30, 2014	Nov. 30, 2013
Income Tax Disclosure [Abstract]
Federal net operating loss	$2,616,333	$383,471