SEC Info - Petrolia Energy Corp. - ‘10-Q’ for 9/30/21

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Petrolia Energy Corp. – ‘10-Q’ for 9/30/21 – ‘EX-101.LAB’

On: Friday, 7/29/22, at 12:22pm ET · For: 9/30/21 · Accession #: 1493152-22-20602 · File #: 0-52690

Previous ‘10-Q’: ‘10-Q’ on 7/13/22 for 6/30/21 · Next: ‘10-Q’ on 2/17/23 for 3/31/22 · Latest: ‘10-Q’ on 11/15/23 for 9/30/23 · 20 References:

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/29/22  Petrolia Energy Corp.             10-Q        9/30/21   67:7M                                     M2 Compliance LLC/FA

Quarterly Report — Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.22M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     21K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     21K 
11: R1          Cover                                               HTML     68K 
12: R2          Condensed Consolidated Balance Sheets               HTML    130K 
13: R3          Condensed Consolidated Balance Sheets               HTML     37K 
                (Parenthetical)                                                  
14: R4          Condensed Consolidated Statements of Operations     HTML     92K 
                and Comprehensive Loss (Unaudited)                               
15: R5          Condensed Consolidated Statements of Changes in     HTML     79K 
                Stockholders' Deficit (Unaudited)                                
16: R6          Condensed Consolidated Statements of Cash Flows     HTML    128K 
                (Unaudited)                                                      
17: R7          Organization and Basis of Presentation              HTML     24K 
18: R8          Summary of Significant Accounting Policies          HTML     40K 
19: R9          Going Concern                                       HTML     24K 
20: R10         Evaluated Properties                                HTML     72K 
21: R11         Leases                                              HTML     33K 
22: R12         Notes Payable                                       HTML    151K 
23: R13         Related Party Notes Payable                         HTML    101K 
24: R14         Derivative Financial Instruments                    HTML     38K 
25: R15         Asset Retirement Obligations                        HTML     47K 
26: R16         Equity                                              HTML    106K 
27: R17         Related Party Transactions                          HTML     61K 
28: R18         Segment Reporting                                   HTML     55K 
29: R19         Subsequent Events                                   HTML     42K 
30: R20         Summary of Significant Accounting Policies          HTML     41K 
                (Policies)                                                       
31: R21         Summary of Significant Accounting Policies          HTML     30K 
                (Tables)                                                         
32: R22         Evaluated Properties (Tables)                       HTML     55K 
33: R23         Leases (Tables)                                     HTML     31K 
34: R24         Notes Payable (Tables)                              HTML    148K 
35: R25         Related Party Notes Payable (Tables)                HTML    102K 
36: R26         Derivative Financial Instruments (Tables)           HTML     32K 
37: R27         Asset Retirement Obligations (Tables)               HTML     45K 
38: R28         Equity (Tables)                                     HTML     63K 
39: R29         Segment Reporting (Tables)                          HTML     50K 
40: R30         Schedule of Derivative Liabilities Measured at      HTML     32K 
                Fair Value on Recurring Basis (Details)                          
41: R31         Schedule of Company's Current Properties (Details)  HTML     52K 
42: R32         Evaluated Properties (Details Narrative)            HTML     71K 
43: R33         Schedule of Financial Information Lease (Details)   HTML     25K 
44: R34         Schedule of Maturities Lease Liability (Details)    HTML     29K 
45: R35         Schedule of Notes Payable (Details)                 HTML    121K 
46: R36         Schedule of Notes Payable (Details)                 HTML    259K 
                (Parenthetical)                                                  
47: R37         Schedule of Future Minimum Repayments of Notes      HTML     26K 
                Payable (Details)                                                
48: R38         Schedule of Related Party Notes Payable (Details)   HTML    115K 
49: R39         Schedule of Related Party Notes Payable (Details)   HTML    119K 
                (Parenthetical)                                                  
50: R40         Schedule of Future Minimum Repayments of Related    HTML     28K 
                Party Notes Payable (Details)                                    
51: R41         Schedule of Derivative Liabilities (Details)        HTML     25K 
52: R42         Schedule of Derivative Liability of Fair Value      HTML     35K 
                Assumption (Details)                                             
53: R43         Derivative Financial Instruments (Details           HTML     40K 
                Narrative)                                                       
54: R44         Schedule of Fair Value of Asset Retirement          HTML     24K 
                Obligations (Details)                                            
55: R45         Schedule of Asset Retirement Obligations (Details)  HTML     41K 
56: R46         Schedule of Common Stock Purchase Warrants Issued   HTML     38K 
                and Outstanding (Details)                                        
57: R47         Schedule of Warrants Issuance During Period         HTML     36K 
                (Details)                                                        
58: R48         Schedule of Fair Value of Assumption of Warrants    HTML     37K 
                (Details)                                                        
59: R49         Equity (Details Narrative)                          HTML    170K 
60: R50         Related Party Transactions (Details Narrative)      HTML    219K 
61: R51         Schedule of Long-Lived Assets (Details)             HTML     44K 
62: R52         Subsequent Events (Details Narrative)               HTML     79K 
65: XML         IDEA XML File -- Filing Summary                      XML    116K 
63: XML         XBRL Instance -- form10-q_htm                        XML   1.88M 
64: EXCEL       IDEA Workbook of Financial Reports                  XLSX    158K 
 7: EX-101.CAL  Inline XBRL Taxonomy Extension Calculation           XML    153K 
                Linkbase Document -- bbls-20210930_cal                           
 8: EX-101.DEF  Inline XBRL Taxonomy Extension Definition Linkbase   XML    675K 
                Document -- bbls-20210930_def                                    
 9: EX-101.LAB  Inline XBRL Taxonomy Extension Label Linkbase        XML   1.12M 
                Document -- bbls-20210930_lab                                    
10: EX-101.PRE  Inline XBRL Taxonomy Extension Presentation          XML    878K 
                Linkbase Document -- bbls-20210930_pre                           
 6: EX-101.SCH  Inline XBRL Taxonomy Extension Schema Document --    XSD    176K 
                bbls-20210930                                                    
66: JSON        XBRL Instance as JSON Data -- MetaLinks              359±   510K 
67: ZIP         XBRL Zipped Folder -- 0001493152-22-020602-xbrl      Zip    263K

‘EX-101.LAB’ — Inline XBRL Taxonomy Extension Label Linkbase Document — bbls-20210930_lab

This Exhibit is an XBRL XML File.

<?xml version="1.0" standalone="no" encoding="windows-1252"?>

<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">

<link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/>

<link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel"/>

<link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel"/>

<link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel"/>

<link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel"/>

<link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel"/>

<link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel"/>

<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ProductOrServiceAxis" xlink:label="srt_ProductOrServiceAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductOrServiceAxis" xlink:to="srt_ProductOrServiceAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ProductOrServiceAxis_lbl" xml:lang="en-US"> Product and Service [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_OilandGasSalesMember" xlink:label="BBLS_OilandGasSalesMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OilandGasSalesMember" xlink:to="BBLS_OilandGasSalesMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_OilandGasSalesMember_lbl" xml:lang="en-US"> Oil and Gas Sales [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementEquityComponentsAxis_lbl" xml:lang="en-US"> Equity Components [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockMember" xlink:label="us-gaap_PreferredStockMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockMember" xlink:to="us-gaap_PreferredStockMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockMember_lbl" xml:lang="en-US"> Preferred Stock [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US"> Common Stock [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US"> Additional Paid-in Capital [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SharesToBeIssuedMember" xlink:label="BBLS_SharesToBeIssuedMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SharesToBeIssuedMember" xlink:to="BBLS_SharesToBeIssuedMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SharesToBeIssuedMember_lbl" xml:lang="en-US"> Shares to be Issued [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US"> AOCI Attributable to Parent [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US"> Retained Earnings [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xml:lang="en-US"> Fair Value Hierarchy and NAV [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel1Member" xlink:to="us-gaap_FairValueInputsLevel1Member_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xml:lang="en-US"> Fair Value, Inputs, Level 1 [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="us-gaap_FairValueInputsLevel2Member"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel2Member" xlink:to="us-gaap_FairValueInputsLevel2Member_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xml:lang="en-US"> Fair Value, Inputs, Level 2 [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xml:lang="en-US"> Fair Value, Inputs, Level 3 [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xml:lang="en-US"> Long-Lived Tangible Asset [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CanadianPropertiesMember" xlink:label="BBLS_CanadianPropertiesMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CanadianPropertiesMember" xlink:to="BBLS_CanadianPropertiesMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CanadianPropertiesMember_lbl" xml:lang="en-US"> Canadian Properties [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_USPropertiesMember" xlink:label="BBLS_USPropertiesMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_USPropertiesMember" xlink:to="BBLS_USPropertiesMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_USPropertiesMember_lbl" xml:lang="en-US"> US Properties [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_OwnershipAxis" xlink:label="srt_OwnershipAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OwnershipAxis" xlink:to="srt_OwnershipAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_OwnershipAxis_lbl" xml:lang="en-US"> Ownership [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MinervaRockdaleFieldMember" xlink:label="BBLS_MinervaRockdaleFieldMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MinervaRockdaleFieldMember" xlink:to="BBLS_MinervaRockdaleFieldMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MinervaRockdaleFieldMember_lbl" xml:lang="en-US"> NOACK [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_TypeOfArrangementAxis" xlink:label="us-gaap_TypeOfArrangementAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TypeOfArrangementAxis" xlink:to="us-gaap_TypeOfArrangementAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TypeOfArrangementAxis_lbl" xml:lang="en-US"> Collaborative Arrangement and Arrangement Other than Collaborative [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_PurchaseAndSaleAgreementMember" xlink:label="BBLS_PurchaseAndSaleAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PurchaseAndSaleAgreementMember" xlink:to="BBLS_PurchaseAndSaleAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_PurchaseAndSaleAgreementMember_lbl" xml:lang="en-US"> Purchase and Sale Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xml:lang="en-US"> Business Acquisition [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_FlowTexEnergyLLCMember" xlink:label="BBLS_FlowTexEnergyLLCMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_FlowTexEnergyLLCMember" xlink:to="BBLS_FlowTexEnergyLLCMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_FlowTexEnergyLLCMember_lbl" xml:lang="en-US"> FlowTex Energy L.L.C. [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_VermilionEnergyIncMember" xlink:label="BBLS_VermilionEnergyIncMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_VermilionEnergyIncMember" xlink:to="BBLS_VermilionEnergyIncMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_VermilionEnergyIncMember_lbl" xml:lang="en-US"> Vermilion Energy Inc [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_BlueSkyMember" xlink:label="BBLS_BlueSkyMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_BlueSkyMember" xlink:to="BBLS_BlueSkyMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_BlueSkyMember_lbl" xml:lang="en-US"> Blue Sky [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SettlementAgreementMember" xlink:label="BBLS_SettlementAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SettlementAgreementMember" xlink:to="BBLS_SettlementAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SettlementAgreementMember_lbl" xml:lang="en-US"> Settlement Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US"> Legal Entity [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MoonCompanyMember" xlink:label="BBLS_MoonCompanyMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MoonCompanyMember" xlink:to="BBLS_MoonCompanyMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MoonCompanyMember_lbl" xml:lang="en-US"> Moon Company [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_TwinLakesSanAndresUnitMember" xlink:label="BBLS_TwinLakesSanAndresUnitMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_TwinLakesSanAndresUnitMember" xlink:to="BBLS_TwinLakesSanAndresUnitMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_TwinLakesSanAndresUnitMember_lbl" xml:lang="en-US"> TLSAU [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xml:lang="en-US"> Debt Instrument [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_TruckLoanMember" xlink:label="BBLS_TruckLoanMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_TruckLoanMember" xlink:to="BBLS_TruckLoanMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_TruckLoanMember_lbl" xml:lang="en-US"> Truck Loan [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CreditNoteOneMember" xlink:label="BBLS_CreditNoteOneMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteOneMember" xlink:to="BBLS_CreditNoteOneMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CreditNoteOneMember_lbl" xml:lang="en-US"> Credit Note I [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CreditNoteTwoMember" xlink:label="BBLS_CreditNoteTwoMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteTwoMember" xlink:to="BBLS_CreditNoteTwoMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CreditNoteTwoMember_lbl" xml:lang="en-US"> Credit Note II [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CreditNoteThreeMember" xlink:label="BBLS_CreditNoteThreeMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteThreeMember" xlink:to="BBLS_CreditNoteThreeMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CreditNoteThreeMember_lbl" xml:lang="en-US"> Credit Note III [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DiscountOnCreditNoteThreeMember" xlink:label="BBLS_DiscountOnCreditNoteThreeMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DiscountOnCreditNoteThreeMember" xlink:to="BBLS_DiscountOnCreditNoteThreeMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DiscountOnCreditNoteThreeMember_lbl" xml:lang="en-US"> Discount on Credit Note III [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CreditNoteFourMember" xlink:label="BBLS_CreditNoteFourMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteFourMember" xlink:to="BBLS_CreditNoteFourMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CreditNoteFourMember_lbl" xml:lang="en-US"> Credit Note IV [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DiscountOnCreditNoteFourMember" xlink:label="BBLS_DiscountOnCreditNoteFourMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DiscountOnCreditNoteFourMember" xlink:to="BBLS_DiscountOnCreditNoteFourMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DiscountOnCreditNoteFourMember_lbl" xml:lang="en-US"> Discount on Credit Note IV [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CreditNoteFiveMember" xlink:label="BBLS_CreditNoteFiveMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteFiveMember" xlink:to="BBLS_CreditNoteFiveMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CreditNoteFiveMember_lbl" xml:lang="en-US"> Credit Note V [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CreditNoteSixMember" xlink:label="BBLS_CreditNoteSixMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteSixMember" xlink:to="BBLS_CreditNoteSixMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CreditNoteSixMember_lbl" xml:lang="en-US"> Credit Note VI [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LeeLyttonMember" xlink:label="BBLS_LeeLyttonMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LeeLyttonMember" xlink:to="BBLS_LeeLyttonMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LeeLyttonMember_lbl" xml:lang="en-US"> Lee Lytton [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_JoelOppenheimMember" xlink:label="BBLS_JoelOppenheimMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_JoelOppenheimMember" xlink:to="BBLS_JoelOppenheimMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_JoelOppenheimMember_lbl" xml:lang="en-US"> Joel Oppenheim [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_JoelOppenheimOneMember" xlink:label="BBLS_JoelOppenheimOneMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_JoelOppenheimOneMember" xlink:to="BBLS_JoelOppenheimOneMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_JoelOppenheimOneMember_lbl" xml:lang="en-US"> Joel Oppenheim I [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_JoelOppenheimTwoMember" xlink:label="BBLS_JoelOppenheimTwoMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_JoelOppenheimTwoMember" xlink:to="BBLS_JoelOppenheimTwoMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_JoelOppenheimTwoMember_lbl" xml:lang="en-US"> Joel Oppenheim II [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CreditNoteSevenMember" xlink:label="BBLS_CreditNoteSevenMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteSevenMember" xlink:to="BBLS_CreditNoteSevenMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CreditNoteSevenMember_lbl" xml:lang="en-US"> Credit Note VII [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_OriginBankPPPLoanMember" xlink:label="BBLS_OriginBankPPPLoanMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OriginBankPPPLoanMember" xlink:to="BBLS_OriginBankPPPLoanMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_OriginBankPPPLoanMember_lbl" xml:lang="en-US"> Origin Bank (PPP Loan) [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_QuintenBeasleyMember" xlink:label="BBLS_QuintenBeasleyMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_QuintenBeasleyMember" xlink:to="BBLS_QuintenBeasleyMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_QuintenBeasleyMember_lbl" xml:lang="en-US"> Quinten Beasley [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_JovianPetroleumCorporationMember" xlink:label="BBLS_JovianPetroleumCorporationMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_JovianPetroleumCorporationMember" xlink:to="BBLS_JovianPetroleumCorporationMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_JovianPetroleumCorporationMember_lbl" xml:lang="en-US"> Jovian Petroleum Corporation [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MHorowitzMember" xlink:label="BBLS_MHorowitzMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MHorowitzMember" xlink:to="BBLS_MHorowitzMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MHorowitzMember_lbl" xml:lang="en-US"> M Horowitz [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MHortwitzMember" xlink:label="BBLS_MHortwitzMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MHortwitzMember" xlink:to="BBLS_MHortwitzMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MHortwitzMember_lbl" xml:lang="en-US"> M. Hortwitz [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AmendedAndRestatedLoanAgreementMember" xlink:label="BBLS_AmendedAndRestatedLoanAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AmendedAndRestatedLoanAgreementMember" xlink:to="BBLS_AmendedAndRestatedLoanAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AmendedAndRestatedLoanAgreementMember_lbl" xml:lang="en-US"> Amended and Restated Loan Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_BowEnergyLtdMember" xlink:label="BBLS_BowEnergyLtdMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_BowEnergyLtdMember" xlink:to="BBLS_BowEnergyLtdMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_BowEnergyLtdMember_lbl" xml:lang="en-US"> Bow Energy Ltd [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LoanAgreementMember" xlink:label="BBLS_LoanAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanAgreementMember" xlink:to="BBLS_LoanAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LoanAgreementMember_lbl" xml:lang="en-US"> Loan Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LuselAndHeartsHillAndCuthbertFieldsMember" xlink:label="BBLS_LuselAndHeartsHillAndCuthbertFieldsMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LuselAndHeartsHillAndCuthbertFieldsMember" xlink:to="BBLS_LuselAndHeartsHillAndCuthbertFieldsMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LuselAndHeartsHillAndCuthbertFieldsMember_lbl" xml:lang="en-US"> Luseland, Hearts Hill and Cuthbert Fields [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xml:lang="en-US"> Related Party [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_BlueSkyResourcesLtdMember" xlink:label="BBLS_BlueSkyResourcesLtdMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_BlueSkyResourcesLtdMember" xlink:to="BBLS_BlueSkyResourcesLtdMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_BlueSkyResourcesLtdMember_lbl" xml:lang="en-US"> Blue Sky Resources Ltd [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_TitleOfIndividualAxis" xlink:label="srt_TitleOfIndividualAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_TitleOfIndividualAxis" xlink:to="srt_TitleOfIndividualAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_TitleOfIndividualAxis_lbl" xml:lang="en-US"> Title of Individual [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LenderMember" xlink:label="BBLS_LenderMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LenderMember" xlink:to="BBLS_LenderMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LenderMember_lbl" xml:lang="en-US"> Lender [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AwardTypeAxis" xlink:label="us-gaap_AwardTypeAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AwardTypeAxis" xlink:to="us-gaap_AwardTypeAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AwardTypeAxis_lbl" xml:lang="en-US"> Award Type [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RestrictedStockMember" xlink:label="us-gaap_RestrictedStockMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedStockMember" xlink:to="us-gaap_RestrictedStockMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RestrictedStockMember_lbl" xml:lang="en-US"> Restricted Stock [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_WarrantMember" xlink:label="us-gaap_WarrantMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WarrantMember" xlink:to="us-gaap_WarrantMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WarrantMember_lbl" xml:lang="en-US"> Warrant [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LoanWarrantOneMember" xlink:label="BBLS_LoanWarrantOneMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanWarrantOneMember" xlink:to="BBLS_LoanWarrantOneMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LoanWarrantOneMember_lbl" xml:lang="en-US"> Loan Warrant I [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LoanWarrantTwoMember" xlink:label="BBLS_LoanWarrantTwoMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanWarrantTwoMember" xlink:to="BBLS_LoanWarrantTwoMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LoanWarrantTwoMember_lbl" xml:lang="en-US"> Loan Warrant II [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LoanWarrantThreeMember" xlink:label="BBLS_LoanWarrantThreeMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanWarrantThreeMember" xlink:to="BBLS_LoanWarrantThreeMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LoanWarrantThreeMember_lbl" xml:lang="en-US"> Loan Warrant III [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CanadianDollarsMember" xlink:label="BBLS_CanadianDollarsMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CanadianDollarsMember" xlink:to="BBLS_CanadianDollarsMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CanadianDollarsMember_lbl" xml:lang="en-US"> Canadian Dollars [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_JovianResourcesLLCMember" xlink:label="BBLS_JovianResourcesLLCMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_JovianResourcesLLCMember" xlink:to="BBLS_JovianResourcesLLCMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_JovianResourcesLLCMember_lbl" xml:lang="en-US"> Jovian Resources LLC [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AcquisitionNoteMember" xlink:label="BBLS_AcquisitionNoteMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AcquisitionNoteMember" xlink:to="BBLS_AcquisitionNoteMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AcquisitionNoteMember_lbl" xml:lang="en-US"> Acquisition Note [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CreditNoteThreeAndTwoMember" xlink:label="BBLS_CreditNoteThreeAndTwoMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteThreeAndTwoMember" xlink:to="BBLS_CreditNoteThreeAndTwoMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CreditNoteThreeAndTwoMember_lbl" xml:lang="en-US"> Credit Note III and II [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LoanAgreementOneMember" xlink:label="BBLS_LoanAgreementOneMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanAgreementOneMember" xlink:to="BBLS_LoanAgreementOneMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LoanAgreementOneMember_lbl" xml:lang="en-US"> Loan Agreement One [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ConaAssetsMember" xlink:label="BBLS_ConaAssetsMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ConaAssetsMember" xlink:to="BBLS_ConaAssetsMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ConaAssetsMember_lbl" xml:lang="en-US"> Cona Assets [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_PPPLoanMember" xlink:label="BBLS_PPPLoanMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PPPLoanMember" xlink:to="BBLS_PPPLoanMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_PPPLoanMember_lbl" xml:lang="en-US"> PPP Loan [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_RevolvingLineOfCreditAgreementMember" xlink:label="BBLS_RevolvingLineOfCreditAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_RevolvingLineOfCreditAgreementMember" xlink:to="BBLS_RevolvingLineOfCreditAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_RevolvingLineOfCreditAgreementMember_lbl" xml:lang="en-US"> Revolving Line of Credit Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xml:lang="en-US"> Investment, Name [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_IvarSiemMember" xlink:label="BBLS_IvarSiemMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IvarSiemMember" xlink:to="BBLS_IvarSiemMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_IvarSiemMember_lbl" xml:lang="en-US"> Ivar Siem [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_IvarSiemOneMember" xlink:label="BBLS_IvarSiemOneMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IvarSiemOneMember" xlink:to="BBLS_IvarSiemOneMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_IvarSiemOneMember_lbl" xml:lang="en-US"> Ivar Siem One [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_IvarSiemTwoMember" xlink:label="BBLS_IvarSiemTwoMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IvarSiemTwoMember" xlink:to="BBLS_IvarSiemTwoMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_IvarSiemTwoMember_lbl" xml:lang="en-US"> Ivar Siem Two [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MarkMAllenMember" xlink:label="BBLS_MarkMAllenMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenMember" xlink:to="BBLS_MarkMAllenMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MarkMAllenMember_lbl" xml:lang="en-US"> Mark M Allen [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MarkMAllenOneMember" xlink:label="BBLS_MarkMAllenOneMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenOneMember" xlink:to="BBLS_MarkMAllenOneMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MarkMAllenOneMember_lbl" xml:lang="en-US"> Mark M Allen One [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MarkMAllenTwoMember" xlink:label="BBLS_MarkMAllenTwoMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenTwoMember" xlink:to="BBLS_MarkMAllenTwoMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MarkMAllenTwoMember_lbl" xml:lang="en-US"> Mark M Allen Two [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MarkMAllenThreeMember" xlink:label="BBLS_MarkMAllenThreeMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenThreeMember" xlink:to="BBLS_MarkMAllenThreeMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MarkMAllenThreeMember_lbl" xml:lang="en-US"> Mark M Allen Three [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DiscountOnMarkMAllenMember" xlink:label="BBLS_DiscountOnMarkMAllenMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DiscountOnMarkMAllenMember" xlink:to="BBLS_DiscountOnMarkMAllenMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DiscountOnMarkMAllenMember_lbl" xml:lang="en-US"> Discount on Mark M Allen [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MarkMAllenFourMember" xlink:label="BBLS_MarkMAllenFourMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenFourMember" xlink:to="BBLS_MarkMAllenFourMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MarkMAllenFourMember_lbl" xml:lang="en-US"> Mark M Allen Four [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DiscountOnMarkMAllenOneMember" xlink:label="BBLS_DiscountOnMarkMAllenOneMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DiscountOnMarkMAllenOneMember" xlink:to="BBLS_DiscountOnMarkMAllenOneMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DiscountOnMarkMAllenOneMember_lbl" xml:lang="en-US"> Discount on Mark M Allen One[Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MarkAllenMember" xlink:label="BBLS_MarkAllenMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkAllenMember" xlink:to="BBLS_MarkAllenMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MarkAllenMember_lbl" xml:lang="en-US"> Mark Allen [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ConsultingAgreementMember" xlink:label="BBLS_ConsultingAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ConsultingAgreementMember" xlink:to="BBLS_ConsultingAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ConsultingAgreementMember_lbl" xml:lang="en-US"> Consulting Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ThirdPartyMember" xlink:label="BBLS_ThirdPartyMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ThirdPartyMember" xlink:to="BBLS_ThirdPartyMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ThirdPartyMember_lbl" xml:lang="en-US"> Third Party [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="us-gaap_ShortTermDebtTypeAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtTypeAxis" xlink:to="us-gaap_ShortTermDebtTypeAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermDebtTypeAxis_lbl" xml:lang="en-US"> Short-Term Debt, Type [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_NotesPayableMember" xlink:label="BBLS_NotesPayableMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_NotesPayableMember" xlink:to="BBLS_NotesPayableMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_NotesPayableMember_lbl" xml:lang="en-US"> Notes Payable [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MeasurementInputTypeAxis" xlink:label="us-gaap_MeasurementInputTypeAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputTypeAxis" xlink:to="us-gaap_MeasurementInputTypeAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputTypeAxis_lbl" xml:lang="en-US"> Measurement Input Type [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MeasurementInputRiskFreeInterestRateMember" xlink:label="us-gaap_MeasurementInputRiskFreeInterestRateMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputRiskFreeInterestRateMember" xlink:to="us-gaap_MeasurementInputRiskFreeInterestRateMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputRiskFreeInterestRateMember_lbl" xml:lang="en-US"> Measurement Input, Risk Free Interest Rate [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_RangeAxis" xlink:label="srt_RangeAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RangeAxis_lbl" xml:lang="en-US"> Statistical Measurement [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_MinimumMember" xlink:label="srt_MinimumMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumMember" xlink:to="srt_MinimumMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MinimumMember_lbl" xml:lang="en-US"> Minimum [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_MaximumMember" xlink:label="srt_MaximumMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MaximumMember" xlink:to="srt_MaximumMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MaximumMember_lbl" xml:lang="en-US"> Maximum [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MeasurementInputExpectedTermMember" xlink:label="us-gaap_MeasurementInputExpectedTermMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputExpectedTermMember" xlink:to="us-gaap_MeasurementInputExpectedTermMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputExpectedTermMember_lbl" xml:lang="en-US"> Measurement Input, Expected Term [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MeasurementInputExpectedDividendRateMember" xlink:label="us-gaap_MeasurementInputExpectedDividendRateMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputExpectedDividendRateMember" xlink:to="us-gaap_MeasurementInputExpectedDividendRateMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputExpectedDividendRateMember_lbl" xml:lang="en-US"> Measurement Input, Expected Dividend Rate [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_MeasurementInputExpectedVolatilityMember" xlink:label="BBLS_MeasurementInputExpectedVolatilityMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MeasurementInputExpectedVolatilityMember" xlink:to="BBLS_MeasurementInputExpectedVolatilityMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_MeasurementInputExpectedVolatilityMember_lbl" xml:lang="en-US"> Expected Volatility [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US"> Class of Stock [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SeriesAPreferredStockMember" xlink:label="us-gaap_SeriesAPreferredStockMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesAPreferredStockMember" xlink:to="us-gaap_SeriesAPreferredStockMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xml:lang="en-US"> Series A Preferred Stock [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsidiarySaleOfStockAxis" xlink:label="us-gaap_SubsidiarySaleOfStockAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsidiarySaleOfStockAxis" xlink:to="us-gaap_SubsidiarySaleOfStockAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsidiarySaleOfStockAxis_lbl" xml:lang="en-US"> Sale of Stock [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PrivatePlacementMember" xlink:label="us-gaap_PrivatePlacementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrivatePlacementMember" xlink:to="us-gaap_PrivatePlacementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrivatePlacementMember_lbl" xml:lang="en-US"> Private Placement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_TwoThousandAndNineteenMember" xlink:label="BBLS_TwoThousandAndNineteenMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_TwoThousandAndNineteenMember" xlink:to="BBLS_TwoThousandAndNineteenMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_TwoThousandAndNineteenMember_lbl" xml:lang="en-US"> 2019 Units [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_EmploymentAgreementMember" xlink:label="BBLS_EmploymentAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_EmploymentAgreementMember" xlink:to="BBLS_EmploymentAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_EmploymentAgreementMember_lbl" xml:lang="en-US"> Employment Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_PresidentMember" xlink:label="srt_PresidentMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_PresidentMember" xlink:to="srt_PresidentMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_PresidentMember_lbl" xml:lang="en-US"> President [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_EmploymentAgreementSigningBonusMember" xlink:label="BBLS_EmploymentAgreementSigningBonusMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_EmploymentAgreementSigningBonusMember" xlink:to="BBLS_EmploymentAgreementSigningBonusMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_EmploymentAgreementSigningBonusMember_lbl" xml:lang="en-US"> Employment Agreement Signing Bonus [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_EmploymentAgreementAfterCompletionOfProbationaryPeriodMember" xlink:label="BBLS_EmploymentAgreementAfterCompletionOfProbationaryPeriodMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_EmploymentAgreementAfterCompletionOfProbationaryPeriodMember" xlink:to="BBLS_EmploymentAgreementAfterCompletionOfProbationaryPeriodMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_EmploymentAgreementAfterCompletionOfProbationaryPeriodMember_lbl" xml:lang="en-US"> Employment Agreement After Completion of Probationary Period [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ExecutiveSalaryPayableAgreementMember" xlink:label="BBLS_ExecutiveSalaryPayableAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ExecutiveSalaryPayableAgreementMember" xlink:to="BBLS_ExecutiveSalaryPayableAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ExecutiveSalaryPayableAgreementMember_lbl" xml:lang="en-US"> Executive Salary Payable Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AmericanResourcesMember" xlink:label="BBLS_AmericanResourcesMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AmericanResourcesMember" xlink:to="BBLS_AmericanResourcesMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AmericanResourcesMember_lbl" xml:lang="en-US"> American Resources [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SettlementAndMutualReleaseAgreementMember" xlink:label="BBLS_SettlementAndMutualReleaseAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SettlementAndMutualReleaseAgreementMember" xlink:to="BBLS_SettlementAndMutualReleaseAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SettlementAndMutualReleaseAgreementMember_lbl" xml:lang="en-US"> Settlement and Mutual Release Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_PaulDeputyMember" xlink:label="BBLS_PaulDeputyMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PaulDeputyMember" xlink:to="BBLS_PaulDeputyMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_PaulDeputyMember_lbl" xml:lang="en-US"> Paul Deputy [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_BoardOfDirectorsAndAdvisoryBoardServiceMember" xlink:label="BBLS_BoardOfDirectorsAndAdvisoryBoardServiceMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_BoardOfDirectorsAndAdvisoryBoardServiceMember" xlink:to="BBLS_BoardOfDirectorsAndAdvisoryBoardServiceMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_BoardOfDirectorsAndAdvisoryBoardServiceMember_lbl" xml:lang="en-US"> Board of Directors and Advisory Board Service [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_FinancingAgreementMember" xlink:label="BBLS_FinancingAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_FinancingAgreementMember" xlink:to="BBLS_FinancingAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_FinancingAgreementMember_lbl" xml:lang="en-US"> Financing Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ExtinguishmentOfDebtMember" xlink:label="BBLS_ExtinguishmentOfDebtMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ExtinguishmentOfDebtMember" xlink:to="BBLS_ExtinguishmentOfDebtMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ExtinguishmentOfDebtMember_lbl" xml:lang="en-US"> Extinguishment of Debt [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MeasurementInputPriceVolatilityMember" xlink:label="us-gaap_MeasurementInputPriceVolatilityMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MeasurementInputPriceVolatilityMember" xlink:to="us-gaap_MeasurementInputPriceVolatilityMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MeasurementInputPriceVolatilityMember_lbl" xml:lang="en-US"> Measurement Input, Price Volatility [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DebtPrivatePlacementsMember" xlink:label="BBLS_DebtPrivatePlacementsMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DebtPrivatePlacementsMember" xlink:to="BBLS_DebtPrivatePlacementsMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DebtPrivatePlacementsMember_lbl" xml:lang="en-US"> Debt Private Placements [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ZelCKhanMember" xlink:label="BBLS_ZelCKhanMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ZelCKhanMember" xlink:to="BBLS_ZelCKhanMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ZelCKhanMember_lbl" xml:lang="en-US"> Zel C. Khan [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AlbertaEnegryRegulatorMember" xlink:label="BBLS_AlbertaEnegryRegulatorMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AlbertaEnegryRegulatorMember" xlink:to="BBLS_AlbertaEnegryRegulatorMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AlbertaEnegryRegulatorMember_lbl" xml:lang="en-US"> Alberta Enegry Regulator [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_StatementScenarioAxis" xlink:label="srt_StatementScenarioAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementScenarioAxis" xlink:to="srt_StatementScenarioAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StatementScenarioAxis_lbl" xml:lang="en-US"> Scenario [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_IssuedUponSigningMember" xlink:label="BBLS_IssuedUponSigningMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IssuedUponSigningMember" xlink:to="BBLS_IssuedUponSigningMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_IssuedUponSigningMember_lbl" xml:lang="en-US"> Issued Upon Signing [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SixMonthProbationaryPeriodMember" xlink:label="BBLS_SixMonthProbationaryPeriodMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SixMonthProbationaryPeriodMember" xlink:to="BBLS_SixMonthProbationaryPeriodMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SixMonthProbationaryPeriodMember_lbl" xml:lang="en-US"> Six Month Probationary Period [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_TariqChaudharyMember" xlink:label="BBLS_TariqChaudharyMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_TariqChaudharyMember" xlink:to="BBLS_TariqChaudharyMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_TariqChaudharyMember_lbl" xml:lang="en-US"> Tariq Chaudhary [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ZelKhanMember" xlink:label="BBLS_ZelKhanMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ZelKhanMember" xlink:to="BBLS_ZelKhanMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ZelKhanMember_lbl" xml:lang="en-US"> Zel Khan [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LetterAgreementMember" xlink:label="BBLS_LetterAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LetterAgreementMember" xlink:to="BBLS_LetterAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LetterAgreementMember_lbl" xml:lang="en-US"> Letter Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ChiefExecutiveOfficerMember" xlink:label="srt_ChiefExecutiveOfficerMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ChiefExecutiveOfficerMember" xlink:to="srt_ChiefExecutiveOfficerMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ChiefExecutiveOfficerMember_lbl" xml:lang="en-US"> Chief Executive Officer [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ConsolidationItemsAxis" xlink:label="srt_ConsolidationItemsAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidationItemsAxis" xlink:to="srt_ConsolidationItemsAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ConsolidationItemsAxis_lbl" xml:lang="en-US"> Consolidation Items [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingSegmentsMember" xlink:label="us-gaap_OperatingSegmentsMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingSegmentsMember" xlink:to="us-gaap_OperatingSegmentsMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingSegmentsMember_lbl" xml:lang="en-US"> Operating Segments [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_StatementGeographicalAxis" xlink:label="srt_StatementGeographicalAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementGeographicalAxis" xlink:to="srt_StatementGeographicalAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StatementGeographicalAxis_lbl" xml:lang="en-US"> Geographical [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_CA" xlink:label="country_CA"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CA" xlink:to="country_CA_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CA_lbl" xml:lang="en-US"> CANADA </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_US" xlink:label="country_US"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_US" xlink:to="country_US_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_US_lbl" xml:lang="en-US"> UNITED STATES </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="us-gaap_SubsequentEventTypeAxis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xml:lang="en-US"> Subsequent Event Type [Axis] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventMember" xlink:label="us-gaap_SubsequentEventMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventMember_lbl" xml:lang="en-US"> Subsequent Event [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SubscriptionAgreementsMember" xlink:label="BBLS_SubscriptionAgreementsMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SubscriptionAgreementsMember" xlink:to="BBLS_SubscriptionAgreementsMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SubscriptionAgreementsMember_lbl" xml:lang="en-US"> Subscription Agreements [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SeriesCConvertiblePreferredStockMember" xlink:label="BBLS_SeriesCConvertiblePreferredStockMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SeriesCConvertiblePreferredStockMember" xlink:to="BBLS_SeriesCConvertiblePreferredStockMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SeriesCConvertiblePreferredStockMember_lbl" xml:lang="en-US"> Series C Convertible Preferred Stock [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ArgonautInsuranceCompanyMember" xlink:label="BBLS_ArgonautInsuranceCompanyMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ArgonautInsuranceCompanyMember" xlink:to="BBLS_ArgonautInsuranceCompanyMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ArgonautInsuranceCompanyMember_lbl" xml:lang="en-US"> Argonaut Insurance Company [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_PurchaseAndSaleAgreementAndDebtSettlementAgreementMember" xlink:label="BBLS_PurchaseAndSaleAgreementAndDebtSettlementAgreementMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PurchaseAndSaleAgreementAndDebtSettlementAgreementMember" xlink:to="BBLS_PurchaseAndSaleAgreementAndDebtSettlementAgreementMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_PurchaseAndSaleAgreementAndDebtSettlementAgreementMember_lbl" xml:lang="en-US"> Purchase and Sale Agreement and Debt Settlement Agreement [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ProsperaEnergyMember" xlink:label="BBLS_ProsperaEnergyMember"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ProsperaEnergyMember" xlink:to="BBLS_ProsperaEnergyMember_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ProsperaEnergyMember_lbl" xml:lang="en-US"> Prospera Energy [Member] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US"> Cover [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:label="dei_DocumentType"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US"> Document Type </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US"> Amendment Flag </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US"> Amendment Description </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US"> Document Registration Statement </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US"> Document Annual Report </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US"> Document Quarterly Report </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US"> Document Transition Report </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US"> Document Shell Company Report </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US"> Document Shell Company Event Date </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US"> Document Period Start Date </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US"> Document Period End Date </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US"> Document Fiscal Period Focus </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US"> Document Fiscal Year Focus </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US"> Current Fiscal Year End Date </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US"> Entity File Number </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US"> Entity Registrant Name </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US"> Entity Central Index Key </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US"> Entity Primary SIC Number </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US"> Entity Tax Identification Number </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US"> Entity Incorporation, State or Country Code </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US"> Entity Address, Address Line One </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US"> Entity Address, Address Line Two </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US"> Entity Address, Address Line Three </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US"> Entity Address, City or Town </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US"> Entity Address, State or Province </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US"> Entity Address, Country </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US"> Entity Address, Postal Zip Code </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US"> Country Region </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US"> City Area Code </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US"> Local Phone Number </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Extension" xlink:label="dei_Extension"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US"> Extension </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US"> Written Communications </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US"> Soliciting Material </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US"> Pre-commencement Tender Offer </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US"> Pre-commencement Issuer Tender Offer </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US"> Title of 12(b) Security </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US"> No Trading Symbol Flag </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US"> Trading Symbol </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US"> Security Exchange Name </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US"> Title of 12(g) Security </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US"> Security Reporting Obligation </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US"> Annual Information Form </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US"> Audited Annual Financial Statements </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US"> Entity Well-known Seasoned Issuer </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US"> Entity Voluntary Filers </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US"> Entity Current Reporting Status </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US"> Entity Interactive Data Current </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US"> Entity Filer Category </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US"> Entity Small Business </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US"> Entity Emerging Growth Company </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US"> Elected Not To Use the Extended Transition Period </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US"> Document Accounting Standard </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US"> Other Reporting Standard Item Number </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US"> Entity Shell Company </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US"> Entity Public Float </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US"> Entity Bankruptcy Proceedings, Reporting Current </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US"> Entity Common Stock, Shares Outstanding </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US"> Documents Incorporated by Reference [Text Block] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US"> Statement of Financial Position [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US"> ASSETS </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="us-gaap_AssetsCurrentAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="us-gaap_AssetsCurrentAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrentAbstract_lbl" xml:lang="en-US"> Current assets </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Cash" xlink:label="us-gaap_Cash"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Cash" xlink:to="us-gaap_Cash_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Cash_lbl" xml:lang="en-US"> Cash </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="us-gaap_AccountsReceivableNetCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetCurrent" xlink:to="us-gaap_AccountsReceivableNetCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US"> Accounts receivable </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherAssetsCurrent" xlink:label="us-gaap_OtherAssetsCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsCurrent" xlink:to="us-gaap_OtherAssetsCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsCurrent_lbl" xml:lang="en-US"> Other current assets </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US"> Total current assets </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:label="us-gaap_PropertyPlantAndEquipmentNetAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:to="us-gaap_PropertyPlantAndEquipmentNetAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNetAbstract_lbl" xml:lang="en-US"> Property & equipment </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OilAndGasPropertyFullCostMethodNetAbstract" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodNetAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasPropertyFullCostMethodNetAbstract" xlink:to="us-gaap_OilAndGasPropertyFullCostMethodNetAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodNetAbstract_lbl" xml:lang="en-US"> Oil and gas, on the basis of full cost accounting </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OilAndGasPropertyFullCostMethodGross" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodGross"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasPropertyFullCostMethodGross" xlink:to="us-gaap_OilAndGasPropertyFullCostMethodGross_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodGross_lbl" xml:lang="en-US"> Evaluated properties </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="us-gaap_PropertyPlantAndEquipmentGross"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentGross" xlink:to="us-gaap_PropertyPlantAndEquipmentGross_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentGross_lbl" xml:lang="en-US"> Furniture, equipment & software </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_lbl" xml:lang="en-US"> Less accumulated depreciation and depletion </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US"> Net property and equipment </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherAssetsNoncurrentAbstract" xlink:label="us-gaap_OtherAssetsNoncurrentAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsNoncurrentAbstract" xlink:to="us-gaap_OtherAssetsNoncurrentAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsNoncurrentAbstract_lbl" xml:lang="en-US"> Other assets </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseRightOfUseAsset" xlink:to="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_lbl" xml:lang="en-US"> Operating lease right-of-use asset </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="us-gaap_OtherAssets_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherAssets_lbl" xml:lang="en-US"> Other assets </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US"> Total Assets </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US"> LIABILITIES & STOCKHOLDERS DEFICIT </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="us-gaap_LiabilitiesCurrentAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="us-gaap_LiabilitiesCurrentAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrentAbstract_lbl" xml:lang="en-US"> Current liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrent" xlink:to="us-gaap_AccountsPayableCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US"> Accounts payable </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:to="us-gaap_AccountsPayableRelatedPartiesCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrent_lbl" xml:lang="en-US"> Accounts payable – related parties </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingLeaseLiabilityCurrent" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiabilityCurrent" xlink:to="us-gaap_OperatingLeaseLiabilityCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent_lbl" xml:lang="en-US"> Operating lease liability – current </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="us-gaap_AccruedLiabilitiesCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrent" xlink:to="us-gaap_AccruedLiabilitiesCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xml:lang="en-US"> Accrued liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AccruedLiabilitiesRelatedParties" xlink:label="BBLS_AccruedLiabilitiesRelatedParties"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AccruedLiabilitiesRelatedParties" xlink:to="BBLS_AccruedLiabilitiesRelatedParties_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AccruedLiabilitiesRelatedParties_lbl" xml:lang="en-US"> Accrued liabilities – related parties </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NotesPayableCurrent" xlink:label="us-gaap_NotesPayableCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableCurrent" xlink:to="us-gaap_NotesPayableCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesPayableCurrent_lbl" xml:lang="en-US"> Notes payable, current portion </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NotesPayableRelatedPartiesClassifiedCurrent" xlink:label="us-gaap_NotesPayableRelatedPartiesClassifiedCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableRelatedPartiesClassifiedCurrent" xlink:to="us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_lbl" xml:lang="en-US"> Notes payable – related parties, current portion </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US"> Total current liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationsNoncurrent" xlink:to="us-gaap_AssetRetirementObligationsNoncurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent_lbl" xml:lang="en-US"> Asset retirement obligations </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermNotesPayable" xlink:label="us-gaap_LongTermNotesPayable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesPayable" xlink:to="us-gaap_LongTermNotesPayable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermNotesPayable_lbl" xml:lang="en-US"> Notes payable, net of current portion </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:label="us-gaap_OperatingLeaseLiabilityNoncurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:to="us-gaap_OperatingLeaseLiabilityNoncurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiabilityNoncurrent_lbl" xml:lang="en-US"> Operating lease liability </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="us-gaap_DerivativeLiabilitiesNoncurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilitiesNoncurrent" xlink:to="us-gaap_DerivativeLiabilitiesNoncurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilitiesNoncurrent_lbl" xml:lang="en-US"> Derivative liability </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US"> Total Liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US"> Stockholders’ Deficit </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US"> Preferred stock, $0.001 par value, 1,000,000 shares authorized; 199,100 shares issued and outstanding </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US"> Common stock, $0.001 par value; 400,000,000 shares authorized; 176,988,322 and 168,696,226 shares issued and outstanding </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapital" xlink:to="us-gaap_AdditionalPaidInCapital_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US"> Additional paid in capital </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US"> Accumulated other comprehensive income </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US"> Accumulated deficit </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US"> Total Stockholders’ Deficit </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US"> Total Liabilities and Stockholders’ Deficit </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US"> Preferred stock, par value </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesAuthorized" xlink:to="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US"> Preferred stock, shares authorized </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="us-gaap_PreferredStockSharesIssued"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US"> Preferred stock, shares issued </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="us-gaap_PreferredStockSharesOutstanding"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesOutstanding" xlink:to="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xml:lang="en-US"> Preferred stock, shares outstanding </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US"> Common stock, par value </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US"> Common stock, shares authorized </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US"> Common stock, shares issued </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US"> Common stock, shares outstanding </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US"> Statement [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US"> Statement [Line Items] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US"> Oil and gas sales </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax" xlink:label="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax" xlink:to="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_lbl" xml:lang="en-US"> Total Revenue </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="us-gaap_OperatingExpensesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xml:lang="en-US"> Operating expenses </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingLeaseExpense" xlink:label="us-gaap_OperatingLeaseExpense"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseExpense" xlink:to="us-gaap_OperatingLeaseExpense_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseExpense_lbl" xml:lang="en-US"> Lease operating expense </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProductionTaxExpense" xlink:label="us-gaap_ProductionTaxExpense"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProductionTaxExpense" xlink:to="us-gaap_ProductionTaxExpense_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProductionTaxExpense_lbl" xml:lang="en-US"> Production tax </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US"> General and administrative expenses </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortization" xlink:to="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US"> Depreciation, depletion, and amortization </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:label="us-gaap_AssetRetirementObligationAccretionExpense"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationAccretionExpense" xlink:to="us-gaap_AssetRetirementObligationAccretionExpense_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationAccretionExpense_lbl" xml:lang="en-US"> Asset retirement obligation accretion </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LossOnAbandonmentOfProperty" xlink:label="BBLS_LossOnAbandonmentOfProperty"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LossOnAbandonmentOfProperty" xlink:to="BBLS_LossOnAbandonmentOfProperty_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LossOnAbandonmentOfProperty_lbl" xml:lang="en-US"> Loss on TLSAU abandonment </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US"> Total operating expenses </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US"> Loss from operations </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherExpensesAbstract" xlink:label="us-gaap_OtherExpensesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherExpensesAbstract" xlink:to="us-gaap_OtherExpensesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherExpensesAbstract_lbl" xml:lang="en-US"> Other income (expenses) </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US"> Interest expense </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="us-gaap_OtherNonoperatingIncomeExpense"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherNonoperatingIncomeExpense" xlink:to="us-gaap_OtherNonoperatingIncomeExpense_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherNonoperatingIncomeExpense_lbl" xml:lang="en-US"> Other income (expense) </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="us-gaap_DerivativeGainLossOnDerivativeNet"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeGainLossOnDerivativeNet" xlink:to="us-gaap_DerivativeGainLossOnDerivativeNet_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeGainLossOnDerivativeNet_lbl" xml:lang="en-US"> Change in fair value of derivative liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US"> Total other income (expenses) </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xml:lang="en-US"> Net loss before taxes </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:to="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_lbl" xml:lang="en-US"> Series A Preferred Dividends </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US"> Net Loss Attributable to Common Stockholders </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US"> Loss per share </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US"> (Basic and fully diluted) </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US"> Weighted average number of common shares outstanding, basic & diluted </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAbstract_lbl" xml:lang="en-US"> Other comprehensive income, net of tax </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent" xlink:to="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent_lbl" xml:lang="en-US"> Foreign currency translation adjustments </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US"> Comprehensive loss </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_2_lbl" xml:lang="en-US"> Beginning balance, value </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_SharesOutstanding_lbl" xml:lang="en-US"> Shares, Outstanding, Beginning Balance </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross" xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross" xlink:to="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross_lbl" xml:lang="en-US"> Stock-based compensation </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US"> Common shares issued </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US"> Common shares issued, shares </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="us-gaap_DividendsPreferredStockCash"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStockCash" xlink:to="us-gaap_DividendsPreferredStockCash_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DividendsPreferredStockCash_lbl" xml:lang="en-US"> Series A preferred dividends </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued_lbl" xml:lang="en-US"> Warrants issued as financing fee </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:to="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_lbl" xml:lang="en-US"> Shares for conversion of related party debt </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:to="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_lbl" xml:lang="en-US"> Shares for conversion of related party debt, shares </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl" xml:lang="en-US"> Warrants issued for settlement of loans </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AdjustmentsToAdditionalPaidInCapitalStockToBeIssued" xlink:label="BBLS_AdjustmentsToAdditionalPaidInCapitalStockToBeIssued"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AdjustmentsToAdditionalPaidInCapitalStockToBeIssued" xlink:to="BBLS_AdjustmentsToAdditionalPaidInCapitalStockToBeIssued_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AdjustmentsToAdditionalPaidInCapitalStockToBeIssued_lbl" xml:lang="en-US"> Stock to be issued </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xml:lang="en-US"> Other comprehensive income (loss) </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_2_lbl" xml:lang="en-US"> Net income (loss) </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtConversionConvertedInstrumentAmount1" xlink:label="us-gaap_DebtConversionConvertedInstrumentAmount1"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtConversionConvertedInstrumentAmount1" xlink:to="us-gaap_DebtConversionConvertedInstrumentAmount1_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtConversionConvertedInstrumentAmount1_lbl" xml:lang="en-US"> Common shares issued for conversion of debt </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtConversionConvertedInstrumentSharesIssued1" xlink:label="us-gaap_DebtConversionConvertedInstrumentSharesIssued1"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtConversionConvertedInstrumentSharesIssued1" xlink:to="us-gaap_DebtConversionConvertedInstrumentSharesIssued1_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtConversionConvertedInstrumentSharesIssued1_lbl" xml:lang="en-US"> Common shares issued for conversion of debt, shares </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFee" xlink:label="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFee"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFee" xlink:to="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFee_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFee_lbl" xml:lang="en-US"> Common shares issued for settlement of related party fee </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFeeShares" xlink:label="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFeeShares"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFeeShares" xlink:to="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFeeShares_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFeeShares_lbl" xml:lang="en-US"> Common shares issued for settlement of related party fee, shares </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnModificationOfRelatedPartyDebt" xlink:label="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnModificationOfRelatedPartyDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnModificationOfRelatedPartyDebt" xlink:to="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnModificationOfRelatedPartyDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnModificationOfRelatedPartyDebt_lbl" xml:lang="en-US"> Gain on modification of related party debt </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnIssuanceOfSharesForSettlementOfAccruedRelatedPartyFees" xlink:label="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnIssuanceOfSharesForSettlementOfAccruedRelatedPartyFees"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnIssuanceOfSharesForSettlementOfAccruedRelatedPartyFees" xlink:to="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnIssuanceOfSharesForSettlementOfAccruedRelatedPartyFees_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnIssuanceOfSharesForSettlementOfAccruedRelatedPartyFees_lbl" xml:lang="en-US"> Gain on issuance of shares for settlement of accrued related party fees </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_3_lbl" xml:lang="en-US"> Ending balance, value </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_SharesOutstanding_2_lbl" xml:lang="en-US"> Ending balance, shares </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US"> Statement of Cash Flows [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US"> Cash Flows from Operating Activities </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_3_lbl" xml:lang="en-US"> Net loss </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US"> Adjustment to reconcile net loss to net cash provided by (used in) operating activities: </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DepreciationDepletionAndAmortization_2_lbl" xml:lang="en-US"> Depletion, depreciation and amortization </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_OperatingLease" xlink:label="BBLS_OperatingLease"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OperatingLease" xlink:to="BBLS_OperatingLease_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="BBLS_OperatingLease_lbl" xml:lang="en-US"> Operating lease </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="us-gaap_AmortizationOfDebtDiscountPremium"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfDebtDiscountPremium" xlink:to="us-gaap_AmortizationOfDebtDiscountPremium_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfDebtDiscountPremium_lbl" xml:lang="en-US"> Amortization of debt discount </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DerivativeGainLossOnDerivativeNet_2_lbl" xml:lang="en-US"> Change in fair value of derivative liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US"> Stock-based compensation expense </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_WarrantsIssuedAsFinancingFees" xlink:label="BBLS_WarrantsIssuedAsFinancingFees"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_WarrantsIssuedAsFinancingFees" xlink:to="BBLS_WarrantsIssuedAsFinancingFees_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="BBLS_WarrantsIssuedAsFinancingFees_lbl" xml:lang="en-US"> Warrants issued as financing fees </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ForgivenessOfPppLoan" xlink:label="BBLS_ForgivenessOfPppLoan"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ForgivenessOfPppLoan" xlink:to="BBLS_ForgivenessOfPppLoan_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="BBLS_ForgivenessOfPppLoan_lbl" xml:lang="en-US"> Forgiveness of PPP loan </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LossOnPropertyAbandonment" xlink:label="BBLS_LossOnPropertyAbandonment"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LossOnPropertyAbandonment" xlink:to="BBLS_LossOnPropertyAbandonment_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="BBLS_LossOnPropertyAbandonment_lbl" xml:lang="en-US"> Loss on TLSAU abandonment </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US"> Changes in operating assets and liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xml:lang="en-US"> Accounts receivable </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:label="us-gaap_IncreaseDecreaseInOtherCurrentAssets"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:to="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherCurrentAssets_lbl" xml:lang="en-US"> Other current assets </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayable" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xml:lang="en-US"> Accounts payable </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_IncreaseDecreaseInAccountsPayableRelatedParty" xlink:label="BBLS_IncreaseDecreaseInAccountsPayableRelatedParty"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IncreaseDecreaseInAccountsPayableRelatedParty" xlink:to="BBLS_IncreaseDecreaseInAccountsPayableRelatedParty_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="BBLS_IncreaseDecreaseInAccountsPayableRelatedParty_lbl" xml:lang="en-US"> Accounts payable – related parties </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xml:lang="en-US"> Accrued liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_IncreaseDecreaseInAccruedLiabilitiesRelatedParties" xlink:label="BBLS_IncreaseDecreaseInAccruedLiabilitiesRelatedParties"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IncreaseDecreaseInAccruedLiabilitiesRelatedParties" xlink:to="BBLS_IncreaseDecreaseInAccruedLiabilitiesRelatedParties_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="BBLS_IncreaseDecreaseInAccruedLiabilitiesRelatedParties_lbl" xml:lang="en-US"> Accrued liabilities – related parties </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US"> Net cash flows from operating activities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US"> Cash Flows from Investing Activities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireBusinessesGross" xlink:to="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_lbl" xml:lang="en-US"> Escrow for property purchase </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US"> Cash flows from investing activities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US"> Cash Flows from Financing Activities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromNotesPayable" xlink:label="us-gaap_ProceedsFromNotesPayable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromNotesPayable" xlink:to="us-gaap_ProceedsFromNotesPayable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromNotesPayable_lbl" xml:lang="en-US"> Proceeds from notes payable </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RepaymentsOfNotesPayable" xlink:label="us-gaap_RepaymentsOfNotesPayable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfNotesPayable" xlink:to="us-gaap_RepaymentsOfNotesPayable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RepaymentsOfNotesPayable_lbl" xml:lang="en-US"> Repayments on notes payable </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromRelatedPartyDebt" xlink:label="us-gaap_ProceedsFromRelatedPartyDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRelatedPartyDebt" xlink:to="us-gaap_ProceedsFromRelatedPartyDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromRelatedPartyDebt_lbl" xml:lang="en-US"> Proceeds from related party notes payable </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RepaymentsOfRelatedPartyDebt" xlink:label="us-gaap_RepaymentsOfRelatedPartyDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfRelatedPartyDebt" xlink:to="us-gaap_RepaymentsOfRelatedPartyDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RepaymentsOfRelatedPartyDebt_lbl" xml:lang="en-US"> Repayments on related party notes payable </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ProceedsFromSharesToBeIssued" xlink:label="BBLS_ProceedsFromSharesToBeIssued"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ProceedsFromSharesToBeIssued" xlink:to="BBLS_ProceedsFromSharesToBeIssued_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="BBLS_ProceedsFromSharesToBeIssued_lbl" xml:lang="en-US"> Shares to be issued </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xml:lang="en-US"> Cash flows from financing activities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:label="us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:to="us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xml:lang="en-US"> Changes in foreign exchange rate </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xml:lang="en-US"> Net change in cash </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xml:lang="en-US"> Cash at beginning of period </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_2_lbl" xml:lang="en-US"> Cash at end of period </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US"> SUPPLEMENTAL DISCLOSURES </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidNet" xlink:to="us-gaap_InterestPaidNet_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestPaidNet_lbl" xml:lang="en-US"> Interest paid </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="us-gaap_IncomeTaxesPaidNet"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaidNet" xlink:to="us-gaap_IncomeTaxesPaidNet_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxesPaidNet_lbl" xml:lang="en-US"> Income taxes paid </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:label="us-gaap_NoncashInvestingAndFinancingItemsAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:to="us-gaap_NoncashInvestingAndFinancingItemsAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncashInvestingAndFinancingItemsAbstract_lbl" xml:lang="en-US"> NON-CASH INVESTING AND FINANCIAL DISCLOSURES </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AccruedSeriesPreferredDividends" xlink:label="BBLS_AccruedSeriesPreferredDividends"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AccruedSeriesPreferredDividends" xlink:to="BBLS_AccruedSeriesPreferredDividends_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AccruedSeriesPreferredDividends_lbl" xml:lang="en-US"> Series A preferred dividends accrued </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DebtDiscountFromWarrantIssuance" xlink:label="BBLS_DebtDiscountFromWarrantIssuance"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DebtDiscountFromWarrantIssuance" xlink:to="BBLS_DebtDiscountFromWarrantIssuance_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DebtDiscountFromWarrantIssuance_lbl" xml:lang="en-US"> Debt discount on warrant issue </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NotesIssued1" xlink:label="us-gaap_NotesIssued1"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesIssued1" xlink:to="us-gaap_NotesIssued1_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesIssued1_lbl" xml:lang="en-US"> Conversion of related party debt and payables </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ModificationOfRelatedPartyDebt" xlink:label="BBLS_ModificationOfRelatedPartyDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ModificationOfRelatedPartyDebt" xlink:to="BBLS_ModificationOfRelatedPartyDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ModificationOfRelatedPartyDebt_lbl" xml:lang="en-US"> Modification of related party debt </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_CapitalizedInterestPayable" xlink:label="BBLS_CapitalizedInterestPayable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CapitalizedInterestPayable" xlink:to="BBLS_CapitalizedInterestPayable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_CapitalizedInterestPayable_lbl" xml:lang="en-US"> Capitalized interest payable </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SettlementOfRelatedPartyAccruedLiabilitiesForCommonShares" xlink:label="BBLS_SettlementOfRelatedPartyAccruedLiabilitiesForCommonShares"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SettlementOfRelatedPartyAccruedLiabilitiesForCommonShares" xlink:to="BBLS_SettlementOfRelatedPartyAccruedLiabilitiesForCommonShares_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SettlementOfRelatedPartyAccruedLiabilitiesForCommonShares_lbl" xml:lang="en-US"> Settlement of notes payable related party for common shares </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssued1" xlink:label="us-gaap_StockIssued1"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssued1" xlink:to="us-gaap_StockIssued1_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssued1_lbl" xml:lang="en-US"> Issuing of previous shares to be issued </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_UtikumaAcquisitionPurchasePrice" xlink:label="BBLS_UtikumaAcquisitionPurchasePrice"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_UtikumaAcquisitionPurchasePrice" xlink:to="BBLS_UtikumaAcquisitionPurchasePrice_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_UtikumaAcquisitionPurchasePrice_lbl" xml:lang="en-US"> Utikuma acquisition – purchase price </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_UtikumaAcquisitionInitialAro" xlink:label="BBLS_UtikumaAcquisitionInitialAro"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_UtikumaAcquisitionInitialAro" xlink:to="BBLS_UtikumaAcquisitionInitialAro_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_UtikumaAcquisitionInitialAro_lbl" xml:lang="en-US"> Utikuma acquisition – initial ARO </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_UtikumaAcquisitionExtraCostTriggeredByWti" xlink:label="BBLS_UtikumaAcquisitionExtraCostTriggeredByWti"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_UtikumaAcquisitionExtraCostTriggeredByWti" xlink:to="BBLS_UtikumaAcquisitionExtraCostTriggeredByWti_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_UtikumaAcquisitionExtraCostTriggeredByWti_lbl" xml:lang="en-US"> Utikuma acquisition – extra cost triggered by WTI </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ThirdPartyLoanForUtikumaPurchase" xlink:label="BBLS_ThirdPartyLoanForUtikumaPurchase"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ThirdPartyLoanForUtikumaPurchase" xlink:to="BBLS_ThirdPartyLoanForUtikumaPurchase_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ThirdPartyLoanForUtikumaPurchase_lbl" xml:lang="en-US"> Third party loan for Utikuma purchase </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_RelatedPartyLoanPaymentsOnCompanysBehalf" xlink:label="BBLS_RelatedPartyLoanPaymentsOnCompanysBehalf"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_RelatedPartyLoanPaymentsOnCompanysBehalf" xlink:to="BBLS_RelatedPartyLoanPaymentsOnCompanysBehalf_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_RelatedPartyLoanPaymentsOnCompanysBehalf_lbl" xml:lang="en-US"> Related party loan payments on Company’s behalf </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xml:lang="en-US"> Organization, Consolidation and Presentation of Financial Statements [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xml:lang="en-US"> ORGANIZATION AND BASIS OF PRESENTATION </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US"> Accounting Policies [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xml:lang="en-US"> SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubstantialDoubtAboutGoingConcernTextBlock" xlink:label="us-gaap_SubstantialDoubtAboutGoingConcernTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubstantialDoubtAboutGoingConcernTextBlock" xlink:to="us-gaap_SubstantialDoubtAboutGoingConcernTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubstantialDoubtAboutGoingConcernTextBlock_lbl" xml:lang="en-US"> GOING CONCERN </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ExtractiveIndustriesAbstract" xlink:label="srt_ExtractiveIndustriesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ExtractiveIndustriesAbstract" xlink:to="srt_ExtractiveIndustriesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ExtractiveIndustriesAbstract_lbl" xml:lang="en-US"> Extractive Industries [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OilAndGasPropertiesTextBlock" xlink:label="us-gaap_OilAndGasPropertiesTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasPropertiesTextBlock" xlink:to="us-gaap_OilAndGasPropertiesTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasPropertiesTextBlock_lbl" xml:lang="en-US"> EVALUATED PROPERTIES </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DisclosureLeasesAbstract" xlink:label="BBLS_DisclosureLeasesAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DisclosureLeasesAbstract" xlink:to="BBLS_DisclosureLeasesAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DisclosureLeasesAbstract_lbl" xml:lang="en-US"> Leases </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LesseeOperatingLeasesTextBlock" xlink:label="us-gaap_LesseeOperatingLeasesTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeasesTextBlock" xlink:to="us-gaap_LesseeOperatingLeasesTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeasesTextBlock_lbl" xml:lang="en-US"> LEASES </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="us-gaap_DebtDisclosureAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureAbstract" xlink:to="us-gaap_DebtDisclosureAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtDisclosureAbstract_lbl" xml:lang="en-US"> Debt Disclosure [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="us-gaap_DebtDisclosureTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureTextBlock" xlink:to="us-gaap_DebtDisclosureTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtDisclosureTextBlock_lbl" xml:lang="en-US"> NOTES PAYABLE </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DisclosureRelatedPartyNotesPayableAbstract" xlink:label="BBLS_DisclosureRelatedPartyNotesPayableAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DisclosureRelatedPartyNotesPayableAbstract" xlink:to="BBLS_DisclosureRelatedPartyNotesPayableAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DisclosureRelatedPartyNotesPayableAbstract_lbl" xml:lang="en-US"> Related Party Notes Payable </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_RelatedPartyNotesPayableTextBlock" xlink:label="BBLS_RelatedPartyNotesPayableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_RelatedPartyNotesPayableTextBlock" xlink:to="BBLS_RelatedPartyNotesPayableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_RelatedPartyNotesPayableTextBlock_lbl" xml:lang="en-US"> RELATED PARTY NOTES PAYABLE </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentsAllOtherInvestmentsAbstract" xlink:label="us-gaap_InvestmentsAllOtherInvestmentsAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsAllOtherInvestmentsAbstract" xlink:to="us-gaap_InvestmentsAllOtherInvestmentsAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentsAllOtherInvestmentsAbstract_lbl" xml:lang="en-US"> Investments, All Other Investments [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FinancialInstrumentsDisclosureTextBlock" xlink:label="us-gaap_FinancialInstrumentsDisclosureTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsDisclosureTextBlock" xlink:to="us-gaap_FinancialInstrumentsDisclosureTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentsDisclosureTextBlock_lbl" xml:lang="en-US"> DERIVATIVE FINANCIAL INSTRUMENTS </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="us-gaap_AssetRetirementObligationDisclosureAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:to="us-gaap_AssetRetirementObligationDisclosureAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationDisclosureAbstract_lbl" xml:lang="en-US"> Asset Retirement Obligation Disclosure [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetRetirementObligationDisclosureTextBlock" xlink:label="us-gaap_AssetRetirementObligationDisclosureTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationDisclosureTextBlock" xlink:to="us-gaap_AssetRetirementObligationDisclosureTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationDisclosureTextBlock_lbl" xml:lang="en-US"> ASSET RETIREMENT OBLIGATIONS </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityAbstract" xlink:label="us-gaap_EquityAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityAbstract" xlink:to="us-gaap_EquityAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityAbstract_lbl" xml:lang="en-US"> Equity [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xml:lang="en-US"> EQUITY </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsAbstract" xlink:to="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US"> Related Party Transactions [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xml:lang="en-US"> RELATED PARTY TRANSACTIONS </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SegmentReportingAbstract" xlink:label="us-gaap_SegmentReportingAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingAbstract" xlink:to="us-gaap_SegmentReportingAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingAbstract_lbl" xml:lang="en-US"> Segment Reporting [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingDisclosureTextBlock" xlink:to="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US"> SEGMENT REPORTING </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="us-gaap_SubsequentEventsAbstract"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsAbstract" xlink:to="us-gaap_SubsequentEventsAbstract_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xml:lang="en-US"> Subsequent Events [Abstract] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="us-gaap_SubsequentEventsTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsTextBlock" xlink:to="us-gaap_SubsequentEventsTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xml:lang="en-US"> SUBSEQUENT EVENTS </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LesseeLeasesPolicyTextBlock" xlink:label="us-gaap_LesseeLeasesPolicyTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeLeasesPolicyTextBlock" xlink:to="us-gaap_LesseeLeasesPolicyTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LesseeLeasesPolicyTextBlock_lbl" xml:lang="en-US"> Leases </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:to="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy_lbl" xml:lang="en-US"> Fair Value of Financial Instruments </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:to="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF DERIVATIVE LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ScheduleOfCurrentPropertiesTableTextBlock" xlink:label="BBLS_ScheduleOfCurrentPropertiesTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ScheduleOfCurrentPropertiesTableTextBlock" xlink:to="BBLS_ScheduleOfCurrentPropertiesTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ScheduleOfCurrentPropertiesTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF COMPANY’S CURRENT PROPERTIES </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ScheduleOfFinancialInformationLeaseTableTextBlock" xlink:label="BBLS_ScheduleOfFinancialInformationLeaseTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ScheduleOfFinancialInformationLeaseTableTextBlock" xlink:to="BBLS_ScheduleOfFinancialInformationLeaseTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ScheduleOfFinancialInformationLeaseTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF FINANCIAL INFORMATION LEASE </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF MATURITIES LEASE LIABILITY </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfDebtTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF NOTES PAYABLE </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF FUTURE MINIMUM REPAYMENTS OF NOTES PAYABLE </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF RELATED PARTY NOTES PAYABLE </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ScheduleOfMaturitiesOfRelatedPartyNotesPayableTableTextBlock" xlink:label="BBLS_ScheduleOfMaturitiesOfRelatedPartyNotesPayableTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ScheduleOfMaturitiesOfRelatedPartyNotesPayableTableTextBlock" xlink:to="BBLS_ScheduleOfMaturitiesOfRelatedPartyNotesPayableTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ScheduleOfMaturitiesOfRelatedPartyNotesPayableTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF FUTURE MINIMUM REPAYMENTS OF RELATED PARTY NOTES PAYABLE </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock" xlink:label="us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF DERIVATIVE LIABILITIES </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF DERIVATIVE LIABILITY OF FAIR VALUE ASSUMPTION </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock" xlink:label="us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock" xlink:to="us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF FAIR VALUE OF ASSET RETIREMENT OBLIGATIONS </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock" xlink:label="us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock" xlink:to="us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF ASSET RETIREMENT OBLIGATIONS </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock" xlink:label="us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock" xlink:to="us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF COMMON STOCK PURCHASE WARRANTS ISSUED AND OUTSTANDING </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ScheduleOfWarrantsGrantedTableTextBlock" xlink:label="BBLS_ScheduleOfWarrantsGrantedTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ScheduleOfWarrantsGrantedTableTextBlock" xlink:to="BBLS_ScheduleOfWarrantsGrantedTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ScheduleOfWarrantsGrantedTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF WARRANTS ISSUANCE DURING PERIOD </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ScheduleOfShareBasedPaymentAwardWarrantsValuationAssumptionsTableTextBlock" xlink:label="BBLS_ScheduleOfShareBasedPaymentAwardWarrantsValuationAssumptionsTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ScheduleOfShareBasedPaymentAwardWarrantsValuationAssumptionsTableTextBlock" xlink:to="BBLS_ScheduleOfShareBasedPaymentAwardWarrantsValuationAssumptionsTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ScheduleOfShareBasedPaymentAwardWarrantsValuationAssumptionsTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF FAIR VALUE OF ASSUMPTION OF WARRANTS </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock" xlink:label="us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock" xlink:to="us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock_lbl" xml:lang="en-US"> SCHEDULE OF LONG-LIVED ASSETS </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:to="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_lbl" xml:lang="en-US"> Schedule of Defined Benefit Plans Disclosures [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="us-gaap_DefinedBenefitPlanDisclosureLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:to="us-gaap_DefinedBenefitPlanDisclosureLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefinedBenefitPlanDisclosureLineItems_lbl" xml:lang="en-US"> Defined Benefit Plan Disclosure [Line Items] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeLiabilities" xlink:label="us-gaap_DerivativeLiabilities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilities" xlink:to="us-gaap_DerivativeLiabilities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilities_lbl" xml:lang="en-US"> Derivative liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetRetirementObligation" xlink:label="us-gaap_AssetRetirementObligation"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligation" xlink:to="us-gaap_AssetRetirementObligation_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligation_lbl" xml:lang="en-US"> ARO liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:to="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xml:lang="en-US"> Property, Plant and Equipment [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xml:lang="en-US"> Property, Plant and Equipment [Line Items] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodGross_2_lbl" xml:lang="en-US"> Evaluated properties </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties" xlink:to="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsIncurredAcquisitionOfOilAndGasProperties_lbl" xml:lang="en-US"> Cost, Additions </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_OilAndGasPropertyFullCostMethodDisposition" xlink:label="BBLS_OilAndGasPropertyFullCostMethodDisposition"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OilAndGasPropertyFullCostMethodDisposition" xlink:to="BBLS_OilAndGasPropertyFullCostMethodDisposition_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_OilAndGasPropertyFullCostMethodDisposition_lbl" xml:lang="en-US"> Cost, Disposition </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ImpairmentOfOilAndGasProperties" xlink:label="us-gaap_ImpairmentOfOilAndGasProperties"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairmentOfOilAndGasProperties" xlink:to="us-gaap_ImpairmentOfOilAndGasProperties_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ImpairmentOfOilAndGasProperties_lbl" xml:lang="en-US"> Cost, Impairment of oil and gas properties </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetRetirementObligationLiabilitiesIncurred" xlink:label="us-gaap_AssetRetirementObligationLiabilitiesIncurred"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationLiabilitiesIncurred" xlink:to="us-gaap_AssetRetirementObligationLiabilitiesIncurred_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationLiabilitiesIncurred_lbl" xml:lang="en-US"> Cost, Asset retirement cost additions </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_OilAndGasPropertyForeignCurrencyTranslation" xlink:label="BBLS_OilAndGasPropertyForeignCurrencyTranslation"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OilAndGasPropertyForeignCurrencyTranslation" xlink:to="BBLS_OilAndGasPropertyForeignCurrencyTranslation_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_OilAndGasPropertyForeignCurrencyTranslation_lbl" xml:lang="en-US"> Cost, Foreign currency translation </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodGross_3_lbl" xml:lang="en-US"> Evaluated properties </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OilAndGasPropertyFullCostMethodDepletion" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodDepletion"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasPropertyFullCostMethodDepletion" xlink:to="us-gaap_OilAndGasPropertyFullCostMethodDepletion_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodDepletion_lbl" xml:lang="en-US"> Oil and Gas Property, Full Cost Method, Depletion </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DepletionOfOilAndGasProperties" xlink:label="us-gaap_DepletionOfOilAndGasProperties"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepletionOfOilAndGasProperties" xlink:to="us-gaap_DepletionOfOilAndGasProperties_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepletionOfOilAndGasProperties_lbl" xml:lang="en-US"> Accumulated depletion, Depletion </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ForeignCurrencyTranslationOfOilAndGasProperties" xlink:label="BBLS_ForeignCurrencyTranslationOfOilAndGasProperties"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ForeignCurrencyTranslationOfOilAndGasProperties" xlink:to="BBLS_ForeignCurrencyTranslationOfOilAndGasProperties_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ForeignCurrencyTranslationOfOilAndGasProperties_lbl" xml:lang="en-US"> Accumulated depletion, Foreign currency translation </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodDepletion_2_lbl" xml:lang="en-US"> Oil and Gas Property, Full Cost Method, Depletion </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OilAndGasPropertyFullCostMethodNet" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodNet"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OilAndGasPropertyFullCostMethodNet" xlink:to="us-gaap_OilAndGasPropertyFullCostMethodNet_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodNet_lbl" xml:lang="en-US"> Net book value as at ending balance </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTable" xlink:label="srt_ProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTable" xlink:to="srt_ProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTable_lbl" xml:lang="en-US"> Proved Developed and Undeveloped Oil and Gas Reserve Quantities [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ReserveQuantitiesLineItems" xlink:label="srt_ReserveQuantitiesLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ReserveQuantitiesLineItems" xlink:to="srt_ReserveQuantitiesLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ReserveQuantitiesLineItems_lbl" xml:lang="en-US"> Reserve Quantities [Line Items] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentPeriodicPaymentPrincipal" xlink:label="us-gaap_DebtInstrumentPeriodicPaymentPrincipal"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentPeriodicPaymentPrincipal" xlink:to="us-gaap_DebtInstrumentPeriodicPaymentPrincipal_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentPeriodicPaymentPrincipal_lbl" xml:lang="en-US"> Principal payment </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Deposits" xlink:label="us-gaap_Deposits"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Deposits" xlink:to="us-gaap_Deposits_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Deposits_lbl" xml:lang="en-US"> Deposits </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromSaleOfIntangibleAssets" xlink:label="us-gaap_ProceedsFromSaleOfIntangibleAssets"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfIntangibleAssets" xlink:to="us-gaap_ProceedsFromSaleOfIntangibleAssets_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfIntangibleAssets_lbl" xml:lang="en-US"> Proceeds from sale of intangible assets </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccountsReceivableSale" xlink:label="us-gaap_AccountsReceivableSale"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableSale" xlink:to="us-gaap_AccountsReceivableSale_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsReceivableSale_lbl" xml:lang="en-US"> Accounts receivable, sale </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="us-gaap_GainLossOnSaleOfProperties"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfProperties" xlink:to="us-gaap_GainLossOnSaleOfProperties_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfProperties_lbl" xml:lang="en-US"> Gain (loss) on sale of properties </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_RemittedCashPayment" xlink:label="BBLS_RemittedCashPayment"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_RemittedCashPayment" xlink:to="BBLS_RemittedCashPayment_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_RemittedCashPayment_lbl" xml:lang="en-US"> Remitted a cash payment </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_OutstandingPropertyTax" xlink:label="BBLS_OutstandingPropertyTax"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OutstandingPropertyTax" xlink:to="BBLS_OutstandingPropertyTax_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_OutstandingPropertyTax_lbl" xml:lang="en-US"> Outstanding property tax </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_IncreasedWorkingInterest" xlink:label="BBLS_IncreasedWorkingInterest"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IncreasedWorkingInterest" xlink:to="BBLS_IncreasedWorkingInterest_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_IncreasedWorkingInterest_lbl" xml:lang="en-US"> Increased working interest </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_GasAndOilAreaDevelopedGross" xlink:label="srt_GasAndOilAreaDevelopedGross"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_GasAndOilAreaDevelopedGross" xlink:to="srt_GasAndOilAreaDevelopedGross_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_GasAndOilAreaDevelopedGross_lbl" xml:lang="en-US"> Oil and gas </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_BusinessCombinationDescription" xlink:label="BBLS_BusinessCombinationDescription"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_BusinessCombinationDescription" xlink:to="BBLS_BusinessCombinationDescription_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_BusinessCombinationDescription_lbl" xml:lang="en-US"> Business combination, description </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AreaOfLand" xlink:label="us-gaap_AreaOfLand"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AreaOfLand" xlink:to="us-gaap_AreaOfLand_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AreaOfLand_lbl" xml:lang="en-US"> Area of Land </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ReservesForfeitedPercentage" xlink:label="BBLS_ReservesForfeitedPercentage"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ReservesForfeitedPercentage" xlink:to="BBLS_ReservesForfeitedPercentage_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ReservesForfeitedPercentage_lbl" xml:lang="en-US"> Reserves forfeited percentage </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_PoolsReservesForfeited" xlink:label="BBLS_PoolsReservesForfeited"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PoolsReservesForfeited" xlink:to="BBLS_PoolsReservesForfeited_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_PoolsReservesForfeited_lbl" xml:lang="en-US"> Full cost pools reserves forfeited </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_NetPropertyBalance" xlink:label="BBLS_NetPropertyBalance"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_NetPropertyBalance" xlink:to="BBLS_NetPropertyBalance_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_NetPropertyBalance_lbl" xml:lang="en-US"> Net property balance </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_PropertyWriteDownValue" xlink:label="BBLS_PropertyWriteDownValue"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PropertyWriteDownValue" xlink:to="BBLS_PropertyWriteDownValue_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_PropertyWriteDownValue_lbl" xml:lang="en-US"> Property write down value </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DisclosureLeasesAbstract" xlink:to="BBLS_DisclosureLeasesAbstract_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="BBLS_DisclosureLeasesAbstract_2_lbl" xml:lang="en-US"> Schedule Of Financial Information Lease </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeaseRightOfUseAsset_2_lbl" xml:lang="en-US"> Operating Lease, Right-of-Use Asset </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent_2_lbl" xml:lang="en-US"> Operating Lease, Liability, Current </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeaseLiabilityNoncurrent_2_lbl" xml:lang="en-US"> Operating Lease, Liability, Noncurrent </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DisclosureLeasesAbstract" xlink:to="BBLS_DisclosureLeasesAbstract_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="BBLS_DisclosureLeasesAbstract_3_lbl" xml:lang="en-US"> Schedule Of Maturities Lease Liability </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_lbl" xml:lang="en-US"> 2021 </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xml:lang="en-US"> 2022 </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_lbl" xml:lang="en-US"> Total </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_lbl" xml:lang="en-US"> Less: Imputed interest </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingLeaseLiability" xlink:label="us-gaap_OperatingLeaseLiability"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiability" xlink:to="us-gaap_OperatingLeaseLiability_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xml:lang="en-US"> Present value of lease liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfShortTermDebtTable" xlink:label="us-gaap_ScheduleOfShortTermDebtTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShortTermDebtTable" xlink:to="us-gaap_ScheduleOfShortTermDebtTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShortTermDebtTable_lbl" xml:lang="en-US"> Schedule of Short-Term Debt [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="us-gaap_ShortTermDebtLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtLineItems" xlink:to="us-gaap_ShortTermDebtLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermDebtLineItems_lbl" xml:lang="en-US"> Short-Term Debt [Line Items] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xml:lang="en-US"> Interest rate </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="us-gaap_DebtInstrumentMaturityDate"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDate" xlink:to="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xml:lang="en-US"> Date of maturity </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NotesPayable" xlink:label="us-gaap_NotesPayable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayable" xlink:to="us-gaap_NotesPayable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesPayable_lbl" xml:lang="en-US"> Notes payable </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnamortizedDiscount" xlink:to="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" xml:lang="en-US"> Discount </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentMaturityDateDescription" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDateDescription" xlink:to="us-gaap_DebtInstrumentMaturityDateDescription_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription_lbl" xml:lang="en-US"> Date of maturity </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableCurrent" xlink:to="us-gaap_NotesPayableCurrent_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NotesPayableCurrent_2_lbl" xml:lang="en-US"> Current portion of notes payable </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US"> Debt face amount </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_2_lbl" xml:lang="en-US"> Debt interest rate </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableCurrent" xlink:to="us-gaap_NotesPayableCurrent_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NotesPayableCurrent_3_lbl" xml:lang="en-US"> Notes payable current </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:label="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet" xlink:to="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet_lbl" xml:lang="en-US"> Increase in loan amount </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:to="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xml:lang="en-US"> Debt default interest rate </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfNotesPayable_2_lbl" xml:lang="en-US"> Repayment of notes </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentMaturityDate_2_lbl" xml:lang="en-US"> Debt maturity date </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AssetsWorkingInterest" xlink:label="BBLS_AssetsWorkingInterest"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AssetsWorkingInterest" xlink:to="BBLS_AssetsWorkingInterest_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AssetsWorkingInterest_lbl" xml:lang="en-US"> Assets working interest </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_GasAndOilAreaDevelopedGross" xlink:to="srt_GasAndOilAreaDevelopedGross_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="srt_GasAndOilAreaDevelopedGross_2_lbl" xml:lang="en-US"> Area of land </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_2_lbl" xml:lang="en-US"> Number of common stock issued </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights" xlink:label="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights" xlink:to="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_lbl" xml:lang="en-US"> Warrants to acquire of common stock </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:label="us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1" xlink:to="us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_lbl" xml:lang="en-US"> Warrant exercise price </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_WarrantsAndRightsOutstandingMaturityDate" xlink:label="us-gaap_WarrantsAndRightsOutstandingMaturityDate"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WarrantsAndRightsOutstandingMaturityDate" xlink:to="us-gaap_WarrantsAndRightsOutstandingMaturityDate_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WarrantsAndRightsOutstandingMaturityDate_lbl" xml:lang="en-US"> Warrant expiry date </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_2_lbl" xml:lang="en-US"> Number of common stock issued, value </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueAdjustmentOfWarrants" xlink:label="us-gaap_FairValueAdjustmentOfWarrants"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAdjustmentOfWarrants" xlink:to="us-gaap_FairValueAdjustmentOfWarrants_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAdjustmentOfWarrants_lbl" xml:lang="en-US"> Fair value of warrants issued </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:to="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainsLossesOnExtinguishmentOfDebt_lbl" xml:lang="en-US"> Loss on extinguishment of debt </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_WorkingInterestPercentage" xlink:label="BBLS_WorkingInterestPercentage"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_WorkingInterestPercentage" xlink:to="BBLS_WorkingInterestPercentage_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_WorkingInterestPercentage_lbl" xml:lang="en-US"> Working interest percentage </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LoanInterestPercentage" xlink:label="BBLS_LoanInterestPercentage"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanInterestPercentage" xlink:to="BBLS_LoanInterestPercentage_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LoanInterestPercentage_lbl" xml:lang="en-US"> Loan interest percentage </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentPeriodicPayment" xlink:label="us-gaap_DebtInstrumentPeriodicPayment"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentPeriodicPayment" xlink:to="us-gaap_DebtInstrumentPeriodicPayment_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentPeriodicPayment_lbl" xml:lang="en-US"> Debt Instrument, Periodic Payment </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US"> Revolving line of credit </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_lbl" xml:lang="en-US"> Line of Credit Facility, Current Borrowing Capacity </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_2_lbl" xml:lang="en-US"> Debt instrument, unamortized discount </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AmortizationOfDebtDiscountPremium_2_lbl" xml:lang="en-US"> Amortization of Debt Discount (Premium) </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_OriginationFee" xlink:label="BBLS_OriginationFee"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OriginationFee" xlink:to="BBLS_OriginationFee_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_OriginationFee_lbl" xml:lang="en-US"> Origination fee </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable" xlink:label="us-gaap_ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable" xlink:to="us-gaap_ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable_lbl" xml:lang="en-US"> Warrant expiring date </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:to="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xml:lang="en-US"> Ownership interest </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_lbl" xml:lang="en-US"> 2021 </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LongTermDebtMaturitiesRepaymentsOfPrincipalThereafter" xlink:label="BBLS_LongTermDebtMaturitiesRepaymentsOfPrincipalThereafter"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LongTermDebtMaturitiesRepaymentsOfPrincipalThereafter" xlink:to="BBLS_LongTermDebtMaturitiesRepaymentsOfPrincipalThereafter_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LongTermDebtMaturitiesRepaymentsOfPrincipalThereafter_lbl" xml:lang="en-US"> Thereafter </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US"> Total </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_2_lbl" xml:lang="en-US"> Notes payable - related party </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_3_lbl" xml:lang="en-US"> Discount on related party notes </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentFaceAmount_2_lbl" xml:lang="en-US"> Debt instrument face amount </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtConversionConvertedInstrumentSharesIssued1_2_lbl" xml:lang="en-US"> Shares issued on conversion of debt </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:to="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentConvertibleConversionPrice1_lbl" xml:lang="en-US"> Conversion price </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_2_lbl" xml:lang="en-US"> Warrant to purchase of common stock </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WarrantsAndRightsOutstandingMaturityDate_2_lbl" xml:lang="en-US"> Warrants and Rights Outstanding, Maturity Date </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xml:lang="en-US"> Amortization of Debt Issuance Costs </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LongTermDebtMaturitiesRepaymentsOfRelatedPartyPrincipalInNextTwelveMonths" xlink:label="BBLS_LongTermDebtMaturitiesRepaymentsOfRelatedPartyPrincipalInNextTwelveMonths"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LongTermDebtMaturitiesRepaymentsOfRelatedPartyPrincipalInNextTwelveMonths" xlink:to="BBLS_LongTermDebtMaturitiesRepaymentsOfRelatedPartyPrincipalInNextTwelveMonths_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="BBLS_LongTermDebtMaturitiesRepaymentsOfRelatedPartyPrincipalInNextTwelveMonths_lbl" xml:lang="en-US"> 2021 </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_3_lbl" xml:lang="en-US"> Total </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilities" xlink:to="us-gaap_DerivativeLiabilities_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_DerivativeLiabilities_2_lbl" xml:lang="en-US"> Derivative Liability </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DerivativeLiabilitiesAdditions" xlink:label="BBLS_DerivativeLiabilitiesAdditions"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DerivativeLiabilitiesAdditions" xlink:to="BBLS_DerivativeLiabilitiesAdditions_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DerivativeLiabilitiesAdditions_lbl" xml:lang="en-US"> Additions </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DerivativeGainLossOnDerivativeFairValueAdjustments" xlink:label="BBLS_DerivativeGainLossOnDerivativeFairValueAdjustments"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DerivativeGainLossOnDerivativeFairValueAdjustments" xlink:to="BBLS_DerivativeGainLossOnDerivativeFairValueAdjustments_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DerivativeGainLossOnDerivativeFairValueAdjustments_lbl" xml:lang="en-US"> Fair value adjustments </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilities" xlink:to="us-gaap_DerivativeLiabilities_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_DerivativeLiabilities_3_lbl" xml:lang="en-US"> Balance, ending </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_lbl" xml:lang="en-US"> Fair Value Measurement Inputs and Valuation Techniques [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_lbl" xml:lang="en-US"> Fair Value Measurement Inputs and Valuation Techniques [Line Items] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeLiabilityMeasurementInput" xlink:label="us-gaap_DerivativeLiabilityMeasurementInput"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilityMeasurementInput" xlink:to="us-gaap_DerivativeLiabilityMeasurementInput_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilityMeasurementInput_lbl" xml:lang="en-US"> Derivative liability, measurement input </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DerivativeLiabilityExpectedLife" xlink:label="BBLS_DerivativeLiabilityExpectedLife"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DerivativeLiabilityExpectedLife" xlink:to="BBLS_DerivativeLiabilityExpectedLife_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DerivativeLiabilityExpectedLife_lbl" xml:lang="en-US"> Derivative liability, expected life </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfCollaborativeArrangementsAndNoncollaborativeArrangementTransactionsTable" xlink:label="us-gaap_ScheduleOfCollaborativeArrangementsAndNoncollaborativeArrangementTransactionsTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfCollaborativeArrangementsAndNoncollaborativeArrangementTransactionsTable" xlink:to="us-gaap_ScheduleOfCollaborativeArrangementsAndNoncollaborativeArrangementTransactionsTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfCollaborativeArrangementsAndNoncollaborativeArrangementTransactionsTable_lbl" xml:lang="en-US"> Collaborative Arrangement and Arrangement Other than Collaborative [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems" xlink:label="us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems" xlink:to="us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems_lbl" xml:lang="en-US"> Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilities" xlink:to="us-gaap_DerivativeLiabilities_4_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DerivativeLiabilities_4_lbl" xml:lang="en-US"> Derivative liability </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_FairValueOfAssumptionInflationRate" xlink:label="BBLS_FairValueOfAssumptionInflationRate"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_FairValueOfAssumptionInflationRate" xlink:to="BBLS_FairValueOfAssumptionInflationRate_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_FairValueOfAssumptionInflationRate_lbl" xml:lang="en-US"> Inflation rate </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_FairValueOfAssumptionEstimatedAssetLife" xlink:label="BBLS_FairValueOfAssumptionEstimatedAssetLife"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_FairValueOfAssumptionEstimatedAssetLife" xlink:to="BBLS_FairValueOfAssumptionEstimatedAssetLife_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_FairValueOfAssumptionEstimatedAssetLife_lbl" xml:lang="en-US"> Estimated asset life </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent_2_lbl" xml:lang="en-US"> Asset retirement obligations at beginning of period </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetRetirementObligationPeriodIncreaseDecrease" xlink:label="us-gaap_AssetRetirementObligationPeriodIncreaseDecrease"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationPeriodIncreaseDecrease" xlink:to="us-gaap_AssetRetirementObligationPeriodIncreaseDecrease_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationPeriodIncreaseDecrease_lbl" xml:lang="en-US"> Acquisition of Canadian property - Utikuma </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AssetRetirementObligationOfPluggingLiability" xlink:label="BBLS_AssetRetirementObligationOfPluggingLiability"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AssetRetirementObligationOfPluggingLiability" xlink:to="BBLS_AssetRetirementObligationOfPluggingLiability_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AssetRetirementObligationOfPluggingLiability_lbl" xml:lang="en-US"> Plugging liability at Twin Lakes </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssetRetirementObligationAccretionExpense_2_lbl" xml:lang="en-US"> Accretion expense </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetRetirementObligationForeignCurrencyTranslationGainLoss" xlink:label="us-gaap_AssetRetirementObligationForeignCurrencyTranslationGainLoss"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetRetirementObligationForeignCurrencyTranslationGainLoss" xlink:to="us-gaap_AssetRetirementObligationForeignCurrencyTranslationGainLoss_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetRetirementObligationForeignCurrencyTranslationGainLoss_lbl" xml:lang="en-US"> Foreign currency translation </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_AssetRetirementObligationsNoncurrent_3_lbl" xml:lang="en-US"> Asset retirement obligations at end of period </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_lbl" xml:lang="en-US"> Warrants Outstanding, Beginning balance </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePrice" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePrice"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePrice" xlink:to="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePrice_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePrice_lbl" xml:lang="en-US"> Weighted Average Exercise Price, Beginning balance </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_lbl" xlink:type="arc"/>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceGranted" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceGranted"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceGranted" xlink:to="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceGranted_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceGranted_lbl" xml:lang="en-US"> Weighted average exercise price, granted </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_lbl" xml:lang="en-US"> Warrants Outstanding, Exercised </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExcised" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExcised"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExcised" xlink:to="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExcised_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExcised_lbl" xml:lang="en-US"> Weighted Average Exercise Price, Exercised </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_lbl" xml:lang="en-US"> Warrants outstanding, expired </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentWeightedAverageExercisePriceExpired" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentWeightedAverageExercisePriceExpired"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentWeightedAverageExercisePriceExpired" xlink:to="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentWeightedAverageExercisePriceExpired_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentWeightedAverageExercisePriceExpired_lbl" xml:lang="en-US"> Weighted average exercise price, expired </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_2_lbl" xml:lang="en-US"> Warrants outstanding, ending balance </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePrice_2_lbl" xml:lang="en-US"> Weighted average exercise price, ending balance </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_lbl" xml:lang="en-US"> Accumulated Other Comprehensive Income (Loss) [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_lbl" xml:lang="en-US"> Accumulated Other Comprehensive Income (Loss) [Line Items] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_2_lbl" xml:lang="en-US"> Number of Warrants granted </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_WarrantsAndRightsOutstandingMeasurementInput" xlink:label="us-gaap_WarrantsAndRightsOutstandingMeasurementInput"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WarrantsAndRightsOutstandingMeasurementInput" xlink:to="us-gaap_WarrantsAndRightsOutstandingMeasurementInput_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WarrantsAndRightsOutstandingMeasurementInput_lbl" xml:lang="en-US"> Expected volatility </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_WarrantsAndRightsOutstandingTerm" xlink:label="us-gaap_WarrantsAndRightsOutstandingTerm"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WarrantsAndRightsOutstandingTerm" xlink:to="us-gaap_WarrantsAndRightsOutstandingTerm_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WarrantsAndRightsOutstandingTerm_lbl" xml:lang="en-US"> Expected life </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="us-gaap_ScheduleOfStockByClassTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_ScheduleOfStockByClassTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xml:lang="en-US"> Schedule of Stock by Class [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ClassOfStockLineItems" xlink:label="us-gaap_ClassOfStockLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_ClassOfStockLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xml:lang="en-US"> Class of Stock [Line Items] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="us-gaap_PreferredStockDividendRatePercentage"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendRatePercentage" xlink:to="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xml:lang="en-US"> Preferred stock, dividend rate </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockConvertibleConversionPrice" xlink:label="us-gaap_PreferredStockConvertibleConversionPrice"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockConvertibleConversionPrice" xlink:to="us-gaap_PreferredStockConvertibleConversionPrice_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockConvertibleConversionPrice_lbl" xml:lang="en-US"> Stock conversion price </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockConversionBasis" xlink:label="us-gaap_PreferredStockConversionBasis"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockConversionBasis" xlink:to="us-gaap_PreferredStockConversionBasis_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockConversionBasis_lbl" xml:lang="en-US"> Preferred stock conversion, description </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CumulativeDividends" xlink:label="us-gaap_CumulativeDividends"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CumulativeDividends" xlink:to="us-gaap_CumulativeDividends_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CumulativeDividends_lbl" xml:lang="en-US"> Cumulative cash dividends </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SharesIssuedPricePerShare" xlink:label="us-gaap_SharesIssuedPricePerShare"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssuedPricePerShare" xlink:to="us-gaap_SharesIssuedPricePerShare_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesIssuedPricePerShare_lbl" xml:lang="en-US"> Shares issued price per share </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_3_lbl" xml:lang="en-US"> Number of shares issued </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromIssuanceOfPrivatePlacement" xlink:label="us-gaap_ProceedsFromIssuanceOfPrivatePlacement"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfPrivatePlacement" xlink:to="us-gaap_ProceedsFromIssuanceOfPrivatePlacement_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfPrivatePlacement_lbl" xml:lang="en-US"> Proceeds from private placement </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SaleOfStockDescriptionOfTransaction" xlink:label="us-gaap_SaleOfStockDescriptionOfTransaction"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleOfStockDescriptionOfTransaction" xlink:to="us-gaap_SaleOfStockDescriptionOfTransaction_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SaleOfStockDescriptionOfTransaction_lbl" xml:lang="en-US"> Private placement, description </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight" xlink:label="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight" xlink:to="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_lbl" xml:lang="en-US"> Warrants to purchase common stock </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromWarrantExercises" xlink:label="us-gaap_ProceedsFromWarrantExercises"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromWarrantExercises" xlink:to="us-gaap_ProceedsFromWarrantExercises_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromWarrantExercises_lbl" xml:lang="en-US"> Proceeds from warrant exercise </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_lbl" xml:lang="en-US"> Fair value of warrants issued </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="us-gaap_RepaymentsOfLongTermDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="us-gaap_RepaymentsOfLongTermDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfLongTermDebt_lbl" xml:lang="en-US"> Cash payment of debt </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentDecreaseForgiveness" xlink:label="us-gaap_DebtInstrumentDecreaseForgiveness"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentDecreaseForgiveness" xlink:to="us-gaap_DebtInstrumentDecreaseForgiveness_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentDecreaseForgiveness_lbl" xml:lang="en-US"> Debt instrument, forgiveness amount </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromIssuanceOfDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfDebt_lbl" xml:lang="en-US"> Proceeds from issuance of debt </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xml:lang="en-US"> Issuance of common stock related shares </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OfficersCompensation" xlink:label="us-gaap_OfficersCompensation"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OfficersCompensation" xlink:to="us-gaap_OfficersCompensation_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OfficersCompensation_lbl" xml:lang="en-US"> Officer compensation, per month </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="arc"/>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_lbl" xlink:type="arc"/>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_DescriptionOnAgreementTerms" xlink:label="BBLS_DescriptionOnAgreementTerms"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DescriptionOnAgreementTerms" xlink:to="BBLS_DescriptionOnAgreementTerms_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_DescriptionOnAgreementTerms_lbl" xml:lang="en-US"> Description on agreement terms </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:to="us-gaap_RelatedPartyTransactionAmountsOfTransaction_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction_lbl" xml:lang="en-US"> Gain on related party nature of transaction </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_UnpaidContractWages" xlink:label="BBLS_UnpaidContractWages"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_UnpaidContractWages" xlink:to="BBLS_UnpaidContractWages_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_UnpaidContractWages_lbl" xml:lang="en-US"> Unpaid contract wages </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConversionOfStockSharesConverted1" xlink:label="us-gaap_ConversionOfStockSharesConverted1"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConversionOfStockSharesConverted1" xlink:to="us-gaap_ConversionOfStockSharesConverted1_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConversionOfStockSharesConverted1_lbl" xml:lang="en-US"> Converted shares of common stock </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SecuredDebt" xlink:label="us-gaap_SecuredDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredDebt" xlink:to="us-gaap_SecuredDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuredDebt_lbl" xml:lang="en-US"> Secured debt </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_GuaranteedReturnSecuredLoan" xlink:label="BBLS_GuaranteedReturnSecuredLoan"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_GuaranteedReturnSecuredLoan" xlink:to="BBLS_GuaranteedReturnSecuredLoan_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_GuaranteedReturnSecuredLoan_lbl" xml:lang="en-US"> Guaranteed return secured loan </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm" xlink:label="BBLS_SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm" xlink:to="BBLS_SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm_lbl" xml:lang="en-US"> Warrants outstanding, weighted-average remaining contractual life </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingIntrinsicValue" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingIntrinsicValue"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingIntrinsicValue" xlink:to="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingIntrinsicValue_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingIntrinsicValue_lbl" xml:lang="en-US"> Warrants outstanding, intrinsic value </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xml:lang="en-US"> Schedule of Related Party Transactions, by Related Party [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xml:lang="en-US"> Related Party Transaction [Line Items] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:to="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_lbl" xml:lang="en-US"> Business acquisition percentage of voting interests acquired </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AreaOfLand" xlink:to="us-gaap_AreaOfLand_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AreaOfLand_2_lbl" xml:lang="en-US"> Area of land </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_2_lbl" xml:lang="en-US"> Ownership percentage </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PaymentsToAcquireBusinessesGross_2_lbl" xml:lang="en-US"> Payments to acquire businesses gross </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentForContingentConsiderationLiabilityInvestingActivities" xlink:label="us-gaap_PaymentForContingentConsiderationLiabilityInvestingActivities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentForContingentConsiderationLiabilityInvestingActivities" xlink:to="us-gaap_PaymentForContingentConsiderationLiabilityInvestingActivities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentForContingentConsiderationLiabilityInvestingActivities_lbl" xml:lang="en-US"> Payment of contingent consideration liability </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_WestTexasIntermediateTermsDescription" xlink:label="BBLS_WestTexasIntermediateTermsDescription"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_WestTexasIntermediateTermsDescription" xlink:to="BBLS_WestTexasIntermediateTermsDescription_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_WestTexasIntermediateTermsDescription_lbl" xml:lang="en-US"> West texas intermediate terms description </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ProceedsFromPrevailingExchangeRates" xlink:label="BBLS_ProceedsFromPrevailingExchangeRates"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ProceedsFromPrevailingExchangeRates" xlink:to="BBLS_ProceedsFromPrevailingExchangeRates_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ProceedsFromPrevailingExchangeRates_lbl" xml:lang="en-US"> Proceeds from Prevailing exchange rates </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_AmountOfAcquisitionFundRequirement" xlink:label="BBLS_AmountOfAcquisitionFundRequirement"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AmountOfAcquisitionFundRequirement" xlink:to="BBLS_AmountOfAcquisitionFundRequirement_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_AmountOfAcquisitionFundRequirement_lbl" xml:lang="en-US"> Amount of acquisition fund requirement </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsCurrent" xlink:to="us-gaap_OtherAssetsCurrent_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherAssetsCurrent_2_lbl" xml:lang="en-US"> Other assets, current </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OfficersCompensation" xlink:to="us-gaap_OfficersCompensation_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OfficersCompensation_2_lbl" xml:lang="en-US"> Salary </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WarrantsAndRightsOutstandingTerm_2_lbl" xml:lang="en-US"> Warrant term </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_2_lbl" xml:lang="en-US"> Warrants to purchase of common stock shares, exercised </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccruedSalariesCurrentAndNoncurrent" xlink:label="us-gaap_AccruedSalariesCurrentAndNoncurrent"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedSalariesCurrentAndNoncurrent" xlink:to="us-gaap_AccruedSalariesCurrentAndNoncurrent_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccruedSalariesCurrentAndNoncurrent_lbl" xml:lang="en-US"> Accrued salaries </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensation_2_lbl" xml:lang="en-US"> Share based compensation </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction_2_lbl" xml:lang="en-US"> Related party transaction amounts </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentFrequencyOfPeriodicPayment" xlink:label="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment" xlink:to="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_lbl" xml:lang="en-US"> Debt periodic payment months </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentPeriodicPayment_2_lbl" xml:lang="en-US"> Debt instrument, periodic payment </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ConversionOfStockSharesConverted1_2_lbl" xml:lang="en-US"> Conversion of stock shares converted </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SaleOfStockPricePerShare" xlink:label="us-gaap_SaleOfStockPricePerShare"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleOfStockPricePerShare" xlink:to="us-gaap_SaleOfStockPricePerShare_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SaleOfStockPricePerShare_lbl" xml:lang="en-US"> Sale of price per share </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LoansPayable" xlink:label="us-gaap_LoansPayable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansPayable" xlink:to="us-gaap_LoansPayable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansPayable_lbl" xml:lang="en-US"> Loan payable </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_ConsultingFees" xlink:label="BBLS_ConsultingFees"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ConsultingFees" xlink:to="BBLS_ConsultingFees_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ConsultingFees_lbl" xml:lang="en-US"> Consulting fees </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight_2_lbl" xml:lang="en-US"> Class of warrant right shares </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_WarrantsAndRightsOutstanding" xlink:label="us-gaap_WarrantsAndRightsOutstanding"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WarrantsAndRightsOutstanding" xlink:to="us-gaap_WarrantsAndRightsOutstanding_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WarrantsAndRightsOutstanding_lbl" xml:lang="en-US"> Warrants and Rights Outstanding </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetAcquisitionConsiderationTransferredOtherAssets" xlink:label="us-gaap_AssetAcquisitionConsiderationTransferredOtherAssets"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetAcquisitionConsiderationTransferredOtherAssets" xlink:to="us-gaap_AssetAcquisitionConsiderationTransferredOtherAssets_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetAcquisitionConsiderationTransferredOtherAssets_lbl" xml:lang="en-US"> Assets consideration </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_NonRefundableDeposits" xlink:label="BBLS_NonRefundableDeposits"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_NonRefundableDeposits" xlink:to="BBLS_NonRefundableDeposits_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_NonRefundableDeposits_lbl" xml:lang="en-US"> Non refundable deposits </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_NonRefundableRemainingPayments" xlink:label="BBLS_NonRefundableRemainingPayments"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_NonRefundableRemainingPayments" xlink:to="BBLS_NonRefundableRemainingPayments_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_NonRefundableRemainingPayments_lbl" xml:lang="en-US"> Remaining payments </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability_lbl" xml:lang="en-US"> Contingenet liabilities </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherIncome" xlink:label="us-gaap_OtherIncome"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncome" xlink:to="us-gaap_OtherIncome_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherIncome_lbl" xml:lang="en-US"> Other income </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xml:lang="en-US"> Schedule of Segment Reporting Information, by Segment [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="us-gaap_SegmentReportingInformationLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingInformationLineItems" xlink:to="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xml:lang="en-US"> Segment Reporting Information [Line Items] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ResultsOfOperationsRevenueFromOilAndGasProducingActivities" xlink:label="us-gaap_ResultsOfOperationsRevenueFromOilAndGasProducingActivities"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResultsOfOperationsRevenueFromOilAndGasProducingActivities" xlink:to="us-gaap_ResultsOfOperationsRevenueFromOilAndGasProducingActivities_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResultsOfOperationsRevenueFromOilAndGasProducingActivities_lbl" xml:lang="en-US"> Revenue </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ResultsOfOperationsProductionOrLiftingCosts" xlink:label="us-gaap_ResultsOfOperationsProductionOrLiftingCosts"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResultsOfOperationsProductionOrLiftingCosts" xlink:to="us-gaap_ResultsOfOperationsProductionOrLiftingCosts_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ResultsOfOperationsProductionOrLiftingCosts_lbl" xml:lang="en-US"> Production costs </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions" xlink:label="us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions" xlink:to="us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions_lbl" xml:lang="en-US"> Depreciation, depletion, amortization, and accretion </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_LossOnTlsauAbandonment" xlink:label="BBLS_LossOnTlsauAbandonment"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LossOnTlsauAbandonment" xlink:to="BBLS_LossOnTlsauAbandonment_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="BBLS_LossOnTlsauAbandonment_lbl" xml:lang="en-US"> Loss on TLSAU abandonment </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts" xlink:label="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts" xlink:to="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts_lbl" xml:lang="en-US"> Results of operations from producing activities </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_2_lbl" xml:lang="en-US"> Total long-lived assets </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventTable" xlink:label="us-gaap_SubsequentEventTable"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTable" xlink:to="us-gaap_SubsequentEventTable_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTable_lbl" xml:lang="en-US"> Subsequent Event [Table] </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventLineItems" xlink:label="us-gaap_SubsequentEventLineItems"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="us-gaap_SubsequentEventLineItems_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xml:lang="en-US"> Subsequent Event [Line Items] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssetAcquisitionConsiderationTransferredOtherAssets_2_lbl" xml:lang="en-US"> Asset Acquisition, Consideration Transferred, Other Assets </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability_2_lbl" xml:lang="en-US"> Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncome" xlink:to="us-gaap_OtherIncome_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherIncome_2_lbl" xml:lang="en-US"> Other Income </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PreferredStockConvertibleConversionPrice_2_lbl" xml:lang="en-US"> Preferred stock, convertible, conversion price </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SettlementAmount" xlink:label="BBLS_SettlementAmount"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SettlementAmount" xlink:to="BBLS_SettlementAmount_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SettlementAmount_lbl" xml:lang="en-US"> Settlement amount </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_PaymentsOnSettlementAmount" xlink:label="BBLS_PaymentsOnSettlementAmount"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PaymentsOnSettlementAmount" xlink:to="BBLS_PaymentsOnSettlementAmount_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_PaymentsOnSettlementAmount_lbl" xml:lang="en-US"> Payments on settlement amount </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentDecreaseForgiveness_2_lbl" xml:lang="en-US"> Debt forgiveness amount </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConvertibleDebt" xlink:label="us-gaap_ConvertibleDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConvertibleDebt" xlink:to="us-gaap_ConvertibleDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConvertibleDebt_lbl" xml:lang="en-US"> Convertible debt </link:label>

<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RepaymentsOfConvertibleDebt" xlink:label="us-gaap_RepaymentsOfConvertibleDebt"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfConvertibleDebt" xlink:to="us-gaap_RepaymentsOfConvertibleDebt_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfConvertibleDebt_lbl" xml:lang="en-US"> Payments on convertible debt </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SaleOnWorkingInterest" xlink:label="BBLS_SaleOnWorkingInterest"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SaleOnWorkingInterest" xlink:to="BBLS_SaleOnWorkingInterest_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_SaleOnWorkingInterest_lbl" xml:lang="en-US"> Sale on working interest </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AccruedLiabilitiesRelatedParties_doc" xml:lang="en-US"> Accrued liabilities related parties. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OilandGasSalesMember" xlink:to="BBLS_OilandGasSalesMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_OilandGasSalesMember_doc" xml:lang="en-US"> Oil and Gas Sales [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LossOnAbandonmentOfProperty_doc" xml:lang="en-US"> Loss on abandonment of property. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SharesToBeIssuedMember" xlink:to="BBLS_SharesToBeIssuedMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SharesToBeIssuedMember_doc" xml:lang="en-US"> Shares to be Issued [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AdjustmentsToAdditionalPaidInCapitalStockToBeIssued_doc" xml:lang="en-US"> Adjustments to additional paid in capital stock to be issued. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFee_doc" xml:lang="en-US"> Common stock issued for settlement of related party fee. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnModificationOfRelatedPartyDebt_doc" xml:lang="en-US"> Additional paid in capital gain on modification of related party debt. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AdjustmentsToAdditionalPaidInCapitalGainOnIssuanceOfSharesForSettlementOfAccruedRelatedPartyFees_doc" xml:lang="en-US"> Additional paid in capital gain on issuance of shares for settlement of accrued related party fees. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LossOnPropertyAbandonment" xlink:to="BBLS_LossOnPropertyAbandonment_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LossOnPropertyAbandonment_doc" xml:lang="en-US"> Loss on property abandonment. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_WarrantsIssuedAsFinancingFees_doc" xml:lang="en-US"> Warrants issued as financing fees. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OperatingLease" xlink:to="BBLS_OperatingLease_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_OperatingLease_doc" xml:lang="en-US"> Operating Lease. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ForgivenessOfPppLoan" xlink:to="BBLS_ForgivenessOfPppLoan_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ForgivenessOfPppLoan_doc" xml:lang="en-US"> Forgiveness of Ppp Loan. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_IncreaseDecreaseInAccountsPayableRelatedParty_doc" xml:lang="en-US"> Increase decrease accounts payable - related parties. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_IncreaseDecreaseInAccruedLiabilitiesRelatedParties_doc" xml:lang="en-US"> Increase decrease in accrued liabilities - related parties. </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_SharesToBeIssued" xlink:label="BBLS_SharesToBeIssued"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SharesToBeIssued" xlink:to="BBLS_SharesToBeIssued_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SharesToBeIssued_doc" xml:lang="en-US"> Shares to be issued. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AccruedSeriesPreferredDividends_doc" xml:lang="en-US"> Accrued series preferred dividends. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DebtDiscountFromWarrantIssuance_doc" xml:lang="en-US"> Debt discount from warrant issuance. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ModificationOfRelatedPartyDebt_doc" xml:lang="en-US"> Modification of Related Party Debt. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SettlementOfRelatedPartyAccruedLiabilitiesForCommonShares_doc" xml:lang="en-US"> Settlement of related party accrued liabilities for common shares. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_UtikumaAcquisitionPurchasePrice_doc" xml:lang="en-US"> Utikuma acquisition purchase price. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_UtikumaAcquisitionInitialAro_doc" xml:lang="en-US"> Utikuma acquisition initial aro. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_UtikumaAcquisitionExtraCostTriggeredByWti_doc" xml:lang="en-US"> Utikuma acquisition extra cost triggered by wti. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ThirdPartyLoanForUtikumaPurchase_doc" xml:lang="en-US"> Third party loan for utikuma purchase. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_RelatedPartyLoanPaymentsOnCompanysBehalf_doc" xml:lang="en-US"> Related Party Loan Payments on Companys Behalf. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CommenSharesIssuedForSettlementOfRelatedPartyFeeShares_doc" xml:lang="en-US"> Common stock issued for settlement of related party fee, shares. </link:label>

<link:loc xlink:type="locator" xlink:href="bbls-20210930.xsd#BBLS_EvaluatedPropertiesDisclosureTextBlock" xlink:label="BBLS_EvaluatedPropertiesDisclosureTextBlock"/>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_EvaluatedPropertiesDisclosureTextBlock" xlink:to="BBLS_EvaluatedPropertiesDisclosureTextBlock_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_EvaluatedPropertiesDisclosureTextBlock_doc" xml:lang="en-US"> Evaluated properties disclosure [Text Block]. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_TruckLoanMember" xlink:to="BBLS_TruckLoanMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_TruckLoanMember_doc" xml:lang="en-US"> Truck Loan [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ScheduleOfCurrentPropertiesTableTextBlock_doc" xml:lang="en-US"> Schedule of current properties [Table Text Block] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CanadianPropertiesMember" xlink:to="BBLS_CanadianPropertiesMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CanadianPropertiesMember_doc" xml:lang="en-US"> Canadian Properties [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_USPropertiesMember" xlink:to="BBLS_USPropertiesMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_USPropertiesMember_doc" xml:lang="en-US"> US Properties [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_OilAndGasPropertyFullCostMethodDisposition_doc" xml:lang="en-US"> Oil and gas property disposition. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_OilAndGasPropertyForeignCurrencyTranslation_doc" xml:lang="en-US"> Oil and gas property foreign currency translation. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DerivativeLiabilitiesAdditions_doc" xml:lang="en-US"> Derivative liabilities additions. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DerivativeGainLossOnDerivativeFairValueAdjustments_doc" xml:lang="en-US"> Fair value adjustments on derivative financial instruments. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteOneMember" xlink:to="BBLS_CreditNoteOneMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CreditNoteOneMember_doc" xml:lang="en-US"> Credit Note I [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ForeignCurrencyTranslationOfOilAndGasProperties_doc" xml:lang="en-US"> Foreign currency translation of oil and gas properties. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_JovianPetroleumCorporationMember_doc" xml:lang="en-US"> Jovian Petroleum Corporation [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DebtPrivatePlacementsMember_doc" xml:lang="en-US"> Debt Private Placements [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_BlueSkyResourcesLtdMember" xlink:to="BBLS_BlueSkyResourcesLtdMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_BlueSkyResourcesLtdMember_doc" xml:lang="en-US"> Blue Sky Resources Ltd [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteTwoMember" xlink:to="BBLS_CreditNoteTwoMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CreditNoteTwoMember_doc" xml:lang="en-US"> Credit Note II [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ZelCKhanMember" xlink:to="BBLS_ZelCKhanMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ZelCKhanMember_doc" xml:lang="en-US"> Zel C. Khan [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_WestTexasIntermediateTermsDescription_doc" xml:lang="en-US"> West texas intermediate terms description. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteThreeMember" xlink:to="BBLS_CreditNoteThreeMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CreditNoteThreeMember_doc" xml:lang="en-US"> Credit Note III [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AmountOfAcquisitionFundRequirement_doc" xml:lang="en-US"> Amount of acquisition fund requirement. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AlbertaEnegryRegulatorMember_doc" xml:lang="en-US"> Alberta Enegry Regulator [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteFourMember" xlink:to="BBLS_CreditNoteFourMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CreditNoteFourMember_doc" xml:lang="en-US"> Credit Note Four [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkAllenMember" xlink:to="BBLS_MarkAllenMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MarkAllenMember_doc" xml:lang="en-US"> Mark Allen [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MinervaRockdaleFieldMember" xlink:to="BBLS_MinervaRockdaleFieldMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MinervaRockdaleFieldMember_doc" xml:lang="en-US"> NOACK [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_PurchaseAndSaleAgreementMember_doc" xml:lang="en-US"> Purchase and Sale Agreement [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_FlowTexEnergyLLCMember" xlink:to="BBLS_FlowTexEnergyLLCMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_FlowTexEnergyLLCMember_doc" xml:lang="en-US"> FlowTex Energy L.L.C. [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IssuedUponSigningMember" xlink:to="BBLS_IssuedUponSigningMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_IssuedUponSigningMember_doc" xml:lang="en-US"> Issued Upon Signing [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteFiveMember" xlink:to="BBLS_CreditNoteFiveMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CreditNoteFiveMember_doc" xml:lang="en-US"> Credit Note Five [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SixMonthProbationaryPeriodMember_doc" xml:lang="en-US"> Six Month Probationary Period [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ConsultingAgreementMember" xlink:to="BBLS_ConsultingAgreementMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ConsultingAgreementMember_doc" xml:lang="en-US"> Consulting Agreement [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_TariqChaudharyMember" xlink:to="BBLS_TariqChaudharyMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_TariqChaudharyMember_doc" xml:lang="en-US"> Tariq Chaudhary [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_JoelOppenheimMember" xlink:to="BBLS_JoelOppenheimMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_JoelOppenheimMember_doc" xml:lang="en-US"> Joel Oppenheim [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OutstandingPropertyTax" xlink:to="BBLS_OutstandingPropertyTax_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_OutstandingPropertyTax_doc" xml:lang="en-US"> Outstanding property tax. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_RemittedCashPayment" xlink:to="BBLS_RemittedCashPayment_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_RemittedCashPayment_doc" xml:lang="en-US"> Remitted a cash payment. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ZelKhanMember" xlink:to="BBLS_ZelKhanMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ZelKhanMember_doc" xml:lang="en-US"> Zel Khan [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IncreasedWorkingInterest" xlink:to="BBLS_IncreasedWorkingInterest_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_IncreasedWorkingInterest_doc" xml:lang="en-US"> Increased working interest. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_VermilionEnergyIncMember" xlink:to="BBLS_VermilionEnergyIncMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_VermilionEnergyIncMember_doc" xml:lang="en-US"> Vermilion Energy Inc [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_BusinessCombinationDescription_doc" xml:lang="en-US"> Business combination, description. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_BlueSkyMember" xlink:to="BBLS_BlueSkyMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_BlueSkyMember_doc" xml:lang="en-US"> Blue Sky [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteSixMember" xlink:to="BBLS_CreditNoteSixMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CreditNoteSixMember_doc" xml:lang="en-US"> Credit Note VI [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SettlementAgreementMember" xlink:to="BBLS_SettlementAgreementMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SettlementAgreementMember_doc" xml:lang="en-US"> Settlement Agreement [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MoonCompanyMember" xlink:to="BBLS_MoonCompanyMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MoonCompanyMember_doc" xml:lang="en-US"> Moon Company [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_TwinLakesSanAndresUnitMember_doc" xml:lang="en-US"> TLSAU [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_NetPropertyBalance" xlink:to="BBLS_NetPropertyBalance_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_NetPropertyBalance_doc" xml:lang="en-US"> Net property balance. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ReservesForfeitedPercentage_doc" xml:lang="en-US"> Reserves forfeited percentage. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PaulDeputyMember" xlink:to="BBLS_PaulDeputyMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_PaulDeputyMember_doc" xml:lang="en-US"> Paul Deputy [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LeeLyttonMember" xlink:to="BBLS_LeeLyttonMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LeeLyttonMember_doc" xml:lang="en-US"> Lee Lytton [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_UnpaidContractWages" xlink:to="BBLS_UnpaidContractWages_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_UnpaidContractWages_doc" xml:lang="en-US"> Unpaid contract wages. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ConsultingFees" xlink:to="BBLS_ConsultingFees_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ConsultingFees_doc" xml:lang="en-US"> Consulting fees. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PoolsReservesForfeited" xlink:to="BBLS_PoolsReservesForfeited_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_PoolsReservesForfeited_doc" xml:lang="en-US"> Pools reserves forfeited. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PropertyWriteDownValue" xlink:to="BBLS_PropertyWriteDownValue_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_PropertyWriteDownValue_doc" xml:lang="en-US"> Property write down value. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_JoelOppenheimOneMember" xlink:to="BBLS_JoelOppenheimOneMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_JoelOppenheimOneMember_doc" xml:lang="en-US"> Joel Oppenheim One [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_JoelOppenheimTwoMember" xlink:to="BBLS_JoelOppenheimTwoMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_JoelOppenheimTwoMember_doc" xml:lang="en-US"> Joel Oppenheim Two [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ScheduleOfFinancialInformationLeaseTableTextBlock_doc" xml:lang="en-US"> Schedule of financial information lease [Table Text Block] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CreditNoteSevenMember" xlink:to="BBLS_CreditNoteSevenMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CreditNoteSevenMember_doc" xml:lang="en-US"> Credit Note Seven [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OriginBankPPPLoanMember" xlink:to="BBLS_OriginBankPPPLoanMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_OriginBankPPPLoanMember_doc" xml:lang="en-US"> Origin Bank (PPP Loan) [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_QuintenBeasleyMember" xlink:to="BBLS_QuintenBeasleyMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_QuintenBeasleyMember_doc" xml:lang="en-US"> Quinten Beasley [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SettlementAmount" xlink:to="BBLS_SettlementAmount_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SettlementAmount_doc" xml:lang="en-US"> Settlement amount. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ArgonautInsuranceCompanyMember_doc" xml:lang="en-US"> Argonaut Insurance Company [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PaymentsOnSettlementAmount" xlink:to="BBLS_PaymentsOnSettlementAmount_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_PaymentsOnSettlementAmount_doc" xml:lang="en-US"> Payments on settlement amount. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MHorowitzMember" xlink:to="BBLS_MHorowitzMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MHorowitzMember_doc" xml:lang="en-US"> M Horowitz [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_PurchaseAndSaleAgreementAndDebtSettlementAgreementMember_doc" xml:lang="en-US"> Purchase and Sale Agreement and Debt Settlement Agreement [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ProsperaEnergyMember" xlink:to="BBLS_ProsperaEnergyMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ProsperaEnergyMember_doc" xml:lang="en-US"> Prospera Energy [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_SaleOnWorkingInterest" xlink:to="BBLS_SaleOnWorkingInterest_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SaleOnWorkingInterest_doc" xml:lang="en-US"> Sale on working interest. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LetterAgreementMember" xlink:to="BBLS_LetterAgreementMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LetterAgreementMember_doc" xml:lang="en-US"> Letter Agreement [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SubscriptionAgreementsMember_doc" xml:lang="en-US"> Subscription Agreements [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SeriesCConvertiblePreferredStockMember_doc" xml:lang="en-US"> Series C Convertible Preferred Stock [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MHortwitzMember" xlink:to="BBLS_MHortwitzMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MHortwitzMember_doc" xml:lang="en-US"> M. Hortwitz [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AmendedAndRestatedLoanAgreementMember_doc" xml:lang="en-US"> Amended and Restated Loan Agreement [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_BowEnergyLtdMember" xlink:to="BBLS_BowEnergyLtdMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_BowEnergyLtdMember_doc" xml:lang="en-US"> Bow Energy Ltd [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanAgreementMember" xlink:to="BBLS_LoanAgreementMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LoanAgreementMember_doc" xml:lang="en-US"> Loan Agreement [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LuselAndHeartsHillAndCuthbertFieldsMember_doc" xml:lang="en-US"> Luseland, Hearts Hill and Cuthbert Fields [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AssetsWorkingInterest" xlink:to="BBLS_AssetsWorkingInterest_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AssetsWorkingInterest_doc" xml:lang="en-US"> Assets working interest. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LenderMember" xlink:to="BBLS_LenderMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LenderMember_doc" xml:lang="en-US"> Lender [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanWarrantOneMember" xlink:to="BBLS_LoanWarrantOneMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LoanWarrantOneMember_doc" xml:lang="en-US"> Loan Warrant One [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanWarrantTwoMember" xlink:to="BBLS_LoanWarrantTwoMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LoanWarrantTwoMember_doc" xml:lang="en-US"> Loan Warrant Two [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanWarrantThreeMember" xlink:to="BBLS_LoanWarrantThreeMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LoanWarrantThreeMember_doc" xml:lang="en-US"> Loan Warrant Three [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CanadianDollarsMember" xlink:to="BBLS_CanadianDollarsMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CanadianDollarsMember_doc" xml:lang="en-US"> Canadian Dollars [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_WorkingInterestPercentage" xlink:to="BBLS_WorkingInterestPercentage_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_WorkingInterestPercentage_doc" xml:lang="en-US"> Working interest percentage. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanInterestPercentage" xlink:to="BBLS_LoanInterestPercentage_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LoanInterestPercentage_doc" xml:lang="en-US"> Loan interest percentage. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_JovianResourcesLLCMember" xlink:to="BBLS_JovianResourcesLLCMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_JovianResourcesLLCMember_doc" xml:lang="en-US"> Jovian Resources LLC [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AcquisitionNoteMember" xlink:to="BBLS_AcquisitionNoteMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AcquisitionNoteMember_doc" xml:lang="en-US"> Acquisition Note [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LossOnTlsauAbandonment" xlink:to="BBLS_LossOnTlsauAbandonment_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LossOnTlsauAbandonment_doc" xml:lang="en-US"> Loss on tlsau abandonment. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OriginationFee" xlink:to="BBLS_OriginationFee_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_OriginationFee_doc" xml:lang="en-US"> Origination fee. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CreditNoteThreeAndTwoMember_doc" xml:lang="en-US"> Credit Note Three and Two [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LoanAgreementOneMember" xlink:to="BBLS_LoanAgreementOneMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LoanAgreementOneMember_doc" xml:lang="en-US"> Loan Agreement One [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ProceedsFromPrevailingExchangeRates_doc" xml:lang="en-US"> Proceeds from prevailing exchange rates. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ConaAssetsMember" xlink:to="BBLS_ConaAssetsMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ConaAssetsMember_doc" xml:lang="en-US"> Cona Assets [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_PPPLoanMember" xlink:to="BBLS_PPPLoanMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_PPPLoanMember_doc" xml:lang="en-US"> PPP Loan [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LongTermDebtMaturitiesRepaymentsOfPrincipalThereafter_doc" xml:lang="en-US"> Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach). </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_RelatedPartyNotesPayableTextBlock_doc" xml:lang="en-US"> Related Party Notes Payable [Text Block] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IvarSiemMember" xlink:to="BBLS_IvarSiemMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_IvarSiemMember_doc" xml:lang="en-US"> Ivar Siem [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IvarSiemOneMember" xlink:to="BBLS_IvarSiemOneMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_IvarSiemOneMember_doc" xml:lang="en-US"> Ivar Siem One [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_IvarSiemTwoMember" xlink:to="BBLS_IvarSiemTwoMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_IvarSiemTwoMember_doc" xml:lang="en-US"> Ivar Siem Two [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenMember" xlink:to="BBLS_MarkMAllenMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MarkMAllenMember_doc" xml:lang="en-US"> Mark M Allen [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenOneMember" xlink:to="BBLS_MarkMAllenOneMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MarkMAllenOneMember_doc" xml:lang="en-US"> Mark M Allen One [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenTwoMember" xlink:to="BBLS_MarkMAllenTwoMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MarkMAllenTwoMember_doc" xml:lang="en-US"> Mark M Allen Two [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenThreeMember" xlink:to="BBLS_MarkMAllenThreeMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MarkMAllenThreeMember_doc" xml:lang="en-US"> Mark M Allen Three [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_MarkMAllenFourMember" xlink:to="BBLS_MarkMAllenFourMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MarkMAllenFourMember_doc" xml:lang="en-US"> Mark M Allen Four [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_RevolvingLineOfCreditAgreementMember_doc" xml:lang="en-US"> Revolving Line of Credit Agreement [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ThirdPartyMember" xlink:to="BBLS_ThirdPartyMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ThirdPartyMember_doc" xml:lang="en-US"> Third Party [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ScheduleOfMaturitiesOfRelatedPartyNotesPayableTableTextBlock_doc" xml:lang="en-US"> Schedule Of Maturities Of Related Party Notes Payable [Table Text Block] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_LongTermDebtMaturitiesRepaymentsOfRelatedPartyPrincipalInNextTwelveMonths_doc" xml:lang="en-US"> Long term debt maturities repayments of related party principal in next twelve months. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DerivativeLiabilityExpectedLife_doc" xml:lang="en-US"> Derivative liability, expected life. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_MeasurementInputExpectedVolatilityMember_doc" xml:lang="en-US"> Expected Volatility [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_FairValueOfAssumptionInflationRate_doc" xml:lang="en-US"> Fair value of assumption inflation rate. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_FairValueOfAssumptionEstimatedAssetLife_doc" xml:lang="en-US"> Fair value of assumption estimated asset life. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AssetRetirementObligationOfPluggingLiability_doc" xml:lang="en-US"> Asset retirement obligation of plugging liability. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_TwoThousandAndNineteenMember_doc" xml:lang="en-US"> 2019 Units [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_EmploymentAgreementMember" xlink:to="BBLS_EmploymentAgreementMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_EmploymentAgreementMember_doc" xml:lang="en-US"> Employment Agreement [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_EmploymentAgreementSigningBonusMember_doc" xml:lang="en-US"> Employment Agreement Signing Bonus [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_EmploymentAgreementAfterCompletionOfProbationaryPeriodMember_doc" xml:lang="en-US"> Employment Agreement After Completion of Probationary Period [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ExecutiveSalaryPayableAgreementMember_doc" xml:lang="en-US"> Executive Salary Payable Agreement [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_AmericanResourcesMember" xlink:to="BBLS_AmericanResourcesMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_AmericanResourcesMember_doc" xml:lang="en-US"> American Resources [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DescriptionOnAgreementTerms_doc" xml:lang="en-US"> Description on agreement terms. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SettlementAndMutualReleaseAgreementMember_doc" xml:lang="en-US"> Settlement and Mutual Release Agreement [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_GuaranteedReturnSecuredLoan_doc" xml:lang="en-US"> Guaranteed return secured loan. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePrice_doc" xml:lang="en-US"> Warrants weighted average exercise price. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceGranted" xlink:to="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceGranted_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceGranted_doc" xml:lang="en-US"> Weighted average exercise price, granted. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExcised" xlink:to="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExcised_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceExcised_doc" xml:lang="en-US"> Weighted average exercise price, exercised. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentWeightedAverageExercisePriceExpired" xlink:to="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentWeightedAverageExercisePriceExpired_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentWeightedAverageExercisePriceExpired_doc" xml:lang="en-US"> Weighted average exercise price, expired. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageRemainingContractualTerm_doc" xml:lang="en-US"> Share-based compensation arrangement by share-based payment award non option equity instruments outstanding weighted average remaining contractual term. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingIntrinsicValue" xlink:to="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingIntrinsicValue_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingIntrinsicValue_doc" xml:lang="en-US"> Share based compensation arrangement by share based payment award non option equity instruments outstanding intrinsic value. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ScheduleOfWarrantsGrantedTableTextBlock_doc" xml:lang="en-US"> Schedule of warrants granted [Table Text Block] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_BoardOfDirectorsAndAdvisoryBoardServiceMember_doc" xml:lang="en-US"> Board of Director Service and Advisory Board Service [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_FinancingAgreementMember" xlink:to="BBLS_FinancingAgreementMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_FinancingAgreementMember_doc" xml:lang="en-US"> Financing Agreement [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ExtinguishmentOfDebtMember" xlink:to="BBLS_ExtinguishmentOfDebtMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ExtinguishmentOfDebtMember_doc" xml:lang="en-US"> Extinguishment of Debt [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ScheduleOfShareBasedPaymentAwardWarrantsValuationAssumptionsTableTextBlock_doc" xml:lang="en-US"> Tabular disclosure of the significant assumptions used during the year to estimate the fair value ofwarrants, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_ProceedsFromSharesToBeIssued_doc" xml:lang="en-US"> Proceeds from shares to be issued. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DiscountOnCreditNoteThreeMember_doc" xml:lang="en-US"> Discount on Credit Note III [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DiscountOnCreditNoteFourMember_doc" xml:lang="en-US"> Discount on Credit Note IV [Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_DiscountOnMarkMAllenMember" xlink:to="BBLS_DiscountOnMarkMAllenMember_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DiscountOnMarkMAllenMember_doc" xml:lang="en-US"> Discount on Mark M Allen [Member] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_DiscountOnMarkMAllenOneMember_doc" xml:lang="en-US"> Discount on Mark M Allen One[Member] </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_CapitalizedInterestPayable" xlink:to="BBLS_CapitalizedInterestPayable_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_CapitalizedInterestPayable_doc" xml:lang="en-US"> Capitalized interest payable. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_NonRefundableDeposits" xlink:to="BBLS_NonRefundableDeposits_doc" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_NonRefundableDeposits_doc" xml:lang="en-US"> Non refundable deposits. </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="BBLS_NonRefundableRemainingPayments_doc" xml:lang="en-US"> Non refundable remaining payments. </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrent_2_lbl" xml:lang="en-US"> Assets, Current </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_2_lbl" xml:lang="en-US"> Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="us-gaap_OtherAssets_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssets_2_lbl" xml:lang="en-US"> Other Assets </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_2_lbl" xml:lang="en-US"> Assets </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrent_2_lbl" xml:lang="en-US"> Liabilities, Current </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_2_lbl" xml:lang="en-US"> Liabilities </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_4_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_4_lbl" xml:lang="en-US"> Stockholders' Equity Attributable to Parent </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xml:lang="en-US"> Liabilities and Equity </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpenses_2_lbl" xml:lang="en-US"> Operating Expenses </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingIncomeLoss_2_lbl" xml:lang="en-US"> Operating Income (Loss) </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpense_2_lbl" xml:lang="en-US"> Interest Expense </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpense_2_lbl" xml:lang="en-US"> Nonoperating Income (Expense) </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_2_lbl" xml:lang="en-US"> Net Income (Loss) Attributable to Noncontrolling Interest </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_2_lbl" xml:lang="en-US"> Net Income (Loss) Available to Common Stockholders, Basic </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_2_lbl" xml:lang="en-US"> Comprehensive Income (Loss), Net of Tax, Attributable to Parent </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesOutstanding_3_lbl" xml:lang="en-US"> Shares, Outstanding </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPreferredStockCash_2_lbl" xml:lang="en-US"> Dividends, Preferred Stock, Cash </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_OperatingLease" xlink:to="BBLS_OperatingLease_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_OperatingLease_3_lbl" xml:lang="en-US"> Operating Lease </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_WarrantsIssuedAsFinancingFees_3_lbl" xml:lang="en-US"> Warrants issued as financing fees </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_ForgivenessOfPppLoan" xlink:to="BBLS_ForgivenessOfPppLoan_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ForgivenessOfPppLoan_3_lbl" xml:lang="en-US"> Forgiveness of Ppp Loan </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LossOnPropertyAbandonment" xlink:to="BBLS_LossOnPropertyAbandonment_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LossOnPropertyAbandonment_3_lbl" xml:lang="en-US"> Loss on property abandonment </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_2_lbl" xml:lang="en-US"> Increase (Decrease) in Accounts Receivable </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherCurrentAssets_2_lbl" xml:lang="en-US"> Increase (Decrease) in Other Current Assets </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_2_lbl" xml:lang="en-US"> Increase (Decrease) in Accounts Payable </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_IncreaseDecreaseInAccountsPayableRelatedParty_3_lbl" xml:lang="en-US"> Increase decrease accounts payable - related parties </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities_2_lbl" xml:lang="en-US"> Increase (Decrease) in Accrued Liabilities </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_IncreaseDecreaseInAccruedLiabilitiesRelatedParties_3_lbl" xml:lang="en-US"> Increase decrease in accrued liabilities - related parties </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_2_lbl" xml:lang="en-US"> Net Cash Provided by (Used in) Operating Activities </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_2_lbl" xml:lang="en-US"> Net Cash Provided by (Used in) Investing Activities </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfRelatedPartyDebt_2_lbl" xml:lang="en-US"> Repayments of Related Party Debt </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ProceedsFromSharesToBeIssued_3_lbl" xml:lang="en-US"> ProceedsFromSharesToBeIssued </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_2_lbl" xml:lang="en-US"> Net Cash Provided by (Used in) Financing Activities </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_2_lbl" xml:lang="en-US"> Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_3_lbl" xml:lang="en-US"> Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeLeasesPolicyTextBlock_2_lbl" xml:lang="en-US"> Lessee, Leases [Policy Text Block] </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OilAndGasPropertyFullCostMethodDepletion_3_lbl" xml:lang="en-US"> Oil and Gas Property, Full Cost Method, Depletion </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_2_lbl" xml:lang="en-US"> Lessee, Operating Lease, Liability, to be Paid </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_2_lbl" xml:lang="en-US"> Lessee, Operating Lease, Liability, Undiscounted Excess Amount </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription_2_lbl" xml:lang="en-US"> Debt Instrument, Maturity Date, Description </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_2_lbl" xml:lang="en-US"> Long-Term Debt, Maturity, Remainder of Fiscal Year </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebt_2_lbl" xml:lang="en-US"> Long-Term Debt </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LongTermDebtMaturitiesRepaymentsOfRelatedPartyPrincipalInNextTwelveMonths_3_lbl" xml:lang="en-US"> LongTermDebtMaturitiesRepaymentsOfRelatedPartyPrincipalInNextTwelveMonths </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_3_lbl" xml:lang="en-US"> Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePrice_4_lbl" xml:lang="en-US"> ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePrice </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_2_lbl" xml:lang="en-US"> Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Expirations </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_2_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_2_lbl" xml:lang="en-US"> Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResultsOfOperationsProductionOrLiftingCosts_2_lbl" xml:lang="en-US"> Results of Operations, Production or Lifting Costs </link:label>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions_2_lbl" xml:lang="en-US"> Results of Operations, Depreciation, Depletion and Amortization, and Valuation Provisions </link:label>

<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BBLS_LossOnTlsauAbandonment" xlink:to="BBLS_LossOnTlsauAbandonment_3_lbl" xlink:type="arc"/>

<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="BBLS_LossOnTlsauAbandonment_3_lbl" xml:lang="en-US"> Loss on tlsau abandonment </link:label>

</link:labelLink>

</link:linkbase>

20 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/15/22  Petrolia Energy Corp.             10-Q        3/31/21   73:32M                                    M2 Compliance LLC/FA
 3/18/22  Petrolia Energy Corp.             8-K:8,9     3/11/22    2:9.3M                                   M2 Compliance LLC/FA
 3/03/22  Petrolia Energy Corp.             8-K:1,3,5,812/15/21    4:16M                                    M2 Compliance LLC/FA
 2/28/22  Petrolia Energy Corp.             8-K:8,9     2/16/22    3:5.5M                                   M2 Compliance LLC/FA
 1/14/22  Petrolia Energy Corp.             8-K:8,9    12/30/21    3:2.1M                                   M2 Compliance LLC/FA
 1/14/22  Petrolia Energy Corp.             8-K:8,9    12/30/21    2:976K                                   M2 Compliance LLC/FA
12/13/21  Petrolia Energy Corp.             10-Q        9/30/20   66:6.1M                                   M2 Compliance LLC/FA
11/12/21  Petrolia Energy Corp.             8-K:1,8,9   5/08/19    4:4.9M                                   M2 Compliance LLC/FA
10/25/21  Petrolia Energy Corp.             8-K:3,5,9  10/25/21    2:110K                                   M2 Compliance LLC/FA
10/25/21  Petrolia Energy Corp.             8-K:8       8/28/19    6:13M                                    M2 Compliance LLC/FA
 9/24/21  Petrolia Energy Corp.             10-Q        6/30/20   65:6.4M                                   M2 Compliance LLC/FA
 9/03/21  Petrolia Energy Corp.             8-K:5       9/03/21    1:28K                                    M2 Compliance LLC/FA
 9/03/21  Petrolia Energy Corp.             8-K:1       9/02/21    2:506K                                   M2 Compliance LLC/FA
 8/03/21  Petrolia Energy Corp.             10-Q        3/31/20   68:28M                                    M2 Compliance LLC/FA
 5/27/21  Petrolia Energy Corp.             10-Q        6/30/19   79:5.7M                                   M2 Compliance LLC/FA
10/16/19  Petrolia Energy Corp.             10-K       12/31/18   98:17M                                    M2 Compliance LLC/FA
 5/10/19  Petrolia Energy Corp.             10-Q        9/30/18   64:4.9M                                   M2 Compliance LLC/FA
 2/25/19  Petrolia Energy Corp.             8-K:4,9     1/29/19    2:37K                                    Loev Corp Filings Inc/FA
 5/24/18  Petrolia Energy Corp.             8-K:8,9     5/21/18    5:133K                                   Loev Corp Filings Inc/FA
11/23/15  Petrolia Energy Corp.             10-Q        9/30/15   31:1.8M                                   Federal Filings, LLC/FA

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