XML 44 R62.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Information - Schedule of Financial Information for Geographical Segments (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 05, 2018
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Oil and natural gas sales   $ 914,791     $ 1,272,092     $ 2,939,263 $ 3,361,667  
Production   643,202     729,352     1,970,397 2,170,246  
Depletion   152,120     180,987     468,373 534,381 $ 700,219
Depreciation   7,779     5,550     31,425 20,789 29,408
Accretion of asset retirement obligation   105,749     95,803     309,572 273,328 $ 371,526
Stock-based compensation   437,725         437,725  
General and administrative   504,346     687,505     1,306,516 1,551,191  
Total (recovery) expenses   1,850,921     1,699,197     4,524,008 4,549,935  
Income (loss) before other income (expenses)   (936,130)     (427,105)     (1,584,745) (1,188,268)  
Interest income   9,084     3,879     23,253 9,461  
Interest expense   (11,244)     (14,193)     (32,652) (51,291)  
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         (102,500)  
Total other income (expense)   (8,075)     70,938     45,203 242,997  
Net Income (loss)   (944,205) $ (280,320) $ (315,017) (356,167) $ (38,941) $ (550,163) (1,539,542) (945,271)  
Long Lived Assets   6,341,495     6,926,358     6,341,495 6,926,358  
Bulgaria [Member]                    
Oil and natural gas sales                
Production                
Depletion                
Depreciation                
Accretion of asset retirement obligation                
Stock-based compensation                  
General and administrative               1,298 1,574  
Total (recovery) expenses               1,298 1,574  
Income (loss) before other income (expenses)               (1,298) (1,574)  
Interest income                
Interest expense                
Foreign exchange gain (loss)                
Other income (expense)                
Loss on debt settlement                  
Total other income (expense)                
Net Income (loss)               (1,298) (1,574)  
Long Lived Assets   3,114,179     3,117,229     3,114,179 3,117,229  
North America [Member]                    
Oil and natural gas sales                
Production                
Depletion                
Depreciation                
Accretion of asset retirement obligation                
Stock-based compensation               437,725    
General and administrative               575,122 687,777  
Total (recovery) expenses               1,012,847 687,777  
Income (loss) before other income (expenses)               (1,012,847) (687,777)  
Interest income                
Interest expense               (28,858) (51,291)  
Foreign exchange gain (loss)               2,067 4,600  
Other income (expense)               (30,000)  
Loss on debt settlement                 (102,500)  
Total other income (expense)               (26,791) (179,191)  
Net Income (loss)               (1,039,638) (866,968)  
Long Lived Assets            
Turkey [Member]                    
Oil and natural gas sales               2,939,263 3,361,667  
Production               1,970,397 2,170,246  
Depletion               468,373 534,381  
Depreciation               31,425 20,789  
Accretion of asset retirement obligation               309,572 273,328  
Stock-based compensation                  
General and administrative               730,096 861,840  
Total (recovery) expenses               3,509,863 3,860,584  
Income (loss) before other income (expenses)               (570,600) (498,917)  
Interest income               23,253 9,461  
Interest expense               (3,794)  
Foreign exchange gain (loss)               (17,308) 62,110  
Other income (expense)               69,843 350,617  
Loss on debt settlement                  
Total other income (expense)               71,994 422,188  
Net Income (loss)               (498,606) (76,729)  
Long Lived Assets   $ 3,227,316     $ 3,809,129     $ 3,227,316 $ 3,809,129