XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Oil and natural gas sales $ 1,024,784 $ 964,022
Cost and expenses    
Production 658,453 711,621
Depletion 151,400 163,049
Depreciation 12,353 5,348
Accretion of asset retirement obligation 100,653 84,058
General and administrative 417,480 420,966
Total expenses 1,340,339 1,385,042
Loss before other income (expense) (315,555) (421,020)
Other income (expense)    
Interest income 6,447 3,343
Interest expense (9,138) (22,183)
Accretion of operating lease liability (1,424)
Loss on debt settlement (102,500)
Other expense (77)
Foreign exchange loss 4,730 (7,803)
Total other income (expense) 538 (129,143)
Net loss for the period $ (315,017) $ (550,163)
Loss per share, basic and diluted $ (0.00) $ (0.01)
Weighted average number of shares outstanding 83,489,299 59,467,328
Other comprehensive income (loss)    
Change in foreign currency translation adjustments $ (106,547) $ 249,963
Comprehensive loss for the period $ (421,564) $ (300,200)