Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Financial Information for Geographical Segments

For the year ended December 31, 2020
	Bulgaria			North America			Turkey			Total
Revenue
Oil and natural gas sales	$	–		$	–		$	2,584,266		$	2,584,266
								2,584,266			2,584,266
Cost and expenses
Production		–			–			2,378,626			2,378,626
Depletion		–			–			239,002			239,002
Depreciation		–			–			37,633			37,633
Accretion of asset retirement  obligation		–			–			377,197			377,197
Stock-based compensation		–			410,555			-			410,555
General and administrative		6,791			1,368,410			977,182			2,352,383
Total (recovery) expenses	$	6,791		$	1,778,965		$	4,009,640		$	5,795,396
Income (loss) before other income (expenses)	$	(6,791	)	$	(1,778,965	)	$	(1,425,374	)	$	(3,211,130	)
Other income (expenses)
Interest income		-			-			13,026			13,026
Interest expense		(172	)		(70,075	)		(14,853	)		(85,100	)
Accretion of convertible debt discount		-			(34,586	)		-	_		(34,586	)
Other income (expense)		2,513			-	_		-	_		2,513
Foreign exchange gain (loss)		(3,576	)		(1,644	)		63,416			58,196
Loss on debt settlement		-			(22,406	)		-			(22,406	)
Change in fair value of derivative liability		-			(199,789	)		-			(199,789	)
Provision for loan receivable		(54,008	)		-			-			(54,008	)
Total other income (expense)	$	(55,243	)	$	(328,500	)	$	61,589		$	(322,154	)
Net income (loss)	$	(62,034	)	$	(2,107,465	)	$	(1,363,785	)	$	(3,533,284	)
Long-lived assets	$	3,122,443		$	–		$	2,364,493		$	$ 5,486,936

For the year ended December 31, 2019
	Bulgaria			North America			Turkey			Total
Revenue
Oil and natural gas sales	$	–		$	–		$	3,915,799		$	3,915,799
Cost and expenses
Production		–			–			2,593,180			2,593,180
Depletion		–			–			302,094			302,094
Depreciation		–			–			76,413			85,633
Accretion of asset retirement obligation		–			–			417,965			417,965
Stock-based compensation		–			437,725			–			437,725
General and administrative		(748	)		712,872			1,069,735			1,781,859
Total (recovery) expenses	$	(748	)	$	1,150,597		$	4,459,387		$	5,609,236
Income (loss) before other income (expenses)	$	748		$	(1,150,597	)	$	(543,588	)	$	(1,693,437	)
Other income (expenses)
Interest income		–			–			29,780			29,780
Interest expense		–			(44,628	)		–			(44,628	)
Accretion of convertible debt discount		–			(6,101	)		–			(6,101	)
Other income (expense)		–			–			60,637			60,637
Foreign exchange gain (loss)		–			(16,537	)		12,305			(4,232	)
Loss on debt settlement		–			(28,010	)		–			(28,010	)
Change in fair value of derivative liability		–			2,498			–			2,498
Total other income (expense)	$	–		$	(92,778	)	$	102,722		$	9,944
Net income (loss)	$	748		$	(1,243,375	)	$	(440,866	)	$	(1,683,493	)
Long-lived assets	$	3,155,904		$	–		$	2,560,413		$	5,716,317