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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Oil and gas sales $ 1,272,092 $ 1,003,640 $ 3,361,667 $ 2,676,279
Cost and expenses        
Production 729,352 734,046 2,170,246 2,345,931
Depletion 180,987 237,122 534,381 483,605
Depreciation 5,550 20,789
Accretion of asset retirement obligation 95,803 60,137 273,328 163,118
General and administrative 687,505 403,415 1,551,191 1,758,259
Total expenses 1,699,197 1,434,720 4,549,935 4,750,913
Loss before other income (expenses) (427,105) (431,080) (1,188,268) (2,074,634)
Other income (expenses)        
Interest expense (14,193) (20,335) (51,291) (60,995)
Late filing penalty, taxes (1,833) (11,767)
Interest income 3,879 9,461
Foreign exchange gain (loss) 92,874 (14,399) 66,710 (22,272)
Other income (expense) (11,622) 15,495 320,617 15,495
Loss on debt settlement (102,500)
Gain on bargain purchase option 15,695
Total other income (expenses) 70,938 (21,072) 242,997 (63,844)
Net loss for the period $ (356,167) $ (452,152) $ (945,271) $ (2,138,478)
Loss per share $ (0.01) $ (0.01) $ (0.01) $ (0.04)
Weighted average number of shares outstanding 71,125,487 56,228,108 67,653,988 56,034,121
Other comprehensive income (loss)        
Change in foreign currency translation adjustments $ (329,730) $ 19,058 $ (167,875) $ 13,098
Other comprehensive loss $ (685,897) $ (433,094) $ (1,113,146) $ (2,125,380)