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Segment Information (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of Financial Information for Geographical Segments

For the period ended March 31, 2018

 

    Bulgaria     North America     Turkey     Total  
Revenue                                
Oil and gas sales   $ -     $ -     $ 964,022     $ 964,022  
                                 
Cost and expenses                                
Production     -       -       711,621       711,621  
Depletion     -       -       163,049       163,049  
Depreciation     -       -       5,348       5,348  
Accretion of asset retirement obligation     -       -       84,058       84,058  
General and administrative     (150 )     178,344       242,772       420,966  
Total (recovery) expenses   $ (150 )   $ 178,344     $ 1,206,848     $ 1,385,042  
                                 
Income (loss) before other income (expenses)   $ 150     $ (178,344 )   $ (242,826 )   $ (421,020 )
Other income (expenses)                                
Interest income     -       -       3,343       3,343  
Interest expense     -       (22,183 )     -       (22,183 )
Foreign exchange gain (loss)     -       2,455       (10,258 )     (7,803 )
Loss on debt settlement     -       (102,500 )     -       (102,500 )
Total other income (expense)   $ -     $ (122,228 )   $ (6,915 )   $ (129,143 )
                                 
Net Income (loss)   $ 150     $ (300,572 )   $ (249,741 )   $ (550,163 )
                                 
Long Lived Assets   $ -     $ -     $ 4,163,304     $ 4,163,304