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Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Oil and natural gas sales $ 914,791 $ 1,272,092 $ 2,939,263 $ 3,361,667
Cost and expenses        
Production 643,202 729,352 1,970,397 2,170,246
Depletion 152,120 180,987 468,373 534,381
Depreciation 7,779 5,550 31,425 20,789
Accretion of asset retirement obligation 105,749 95,803 309,572 273,328
Stock based compensation 437,725 437,725
General and administrative 504,346 687,505 1,306,516 1,551,191
Total expenses 1,850,921 1,699,197 4,524,008 4,549,935
Loss before other income (expenses) (936,130) (427,105) (1,584,745) (1,188,268)
Other income (expenses)        
Interest expense (11,244) (14,193) (32,652) (51,291)
Interest income 9,084 3,879 23,253 9,461
Foreign exchange gain (loss) (7,701) (92,874) (15,241) 66,710
Other income (expense) 1,786 (11,622) 69,843 320,617
Loss on debt settlement (102,500)
Total other income (expenses) (8,075) 70,938 45,203 242,997
Net loss for the period $ (944,205) $ (356,167) $ (1,539,542) $ (945,271)
Loss per share $ (0.01) $ (0.01) $ (0.02) $ (0.01)
Weighted average number of shares outstanding 83,578,901 71,125,487 83,565,179 67,653,988
Other comprehensive loss        
Currency translation adjustments $ (23,756) $ (329,730) $ (139,136) $ (167,875)
Other comprehensive loss $ (967,961) $ (685,897) $ (1,678,678) $ (1,113,146)