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Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Financial Information for Geographical Segments

For the period ended March 31, 2019

 

    Bulgaria     North America     Turkey     Total  
Revenue                                
Oil and gas sales   $ -     $ -     $ 1,024,784     $ 1,024,784  
                                 
Cost and expenses                                
Production     -       -       658,453       684,453  
Depletion     -       -       151,400       151,400  
Depreciation     -       -       12,353       12,353  
Accretion of asset retirement obligation     -       -       100,653       100,653  
General and administrative     459       160,243       256,778       417,480  
Total (recovery) expenses   $ 459     $ 160,243     $ 1,179,637     $ 1,340,339  
                                 
Income (loss) before other income (expenses)   $ (459 )   $ (160,243 )   $ (154,853 )   $ (315,555 )
Other income (expenses)                                
Interest income     -       -       6,447       6,447  
Interest expense     -       (9,138 )     -       (9,138 )
Accretion of operating lease liability     -       -       (1,424 )     (1,424 )
Foreign exchange gain (loss)     -       2,067       2,663       4,730  
Other expense     -       -       (77 )     (77 )
Total other income (expense)   $ -     $ (7,071 )   $ 7,609     $ 538  
                                 
Net Income (loss)   $ (459 )   $ (167,314 )   $ (147,244 )   $ (315,017 )
                                 
Long Lived Assets   $ 3,115,918     $ -     $ 3,525,649     $ 6,641,567  

 

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