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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue    
Oil and gas revenue $ 3,700,727 $ 2,584,266
Cost and expenses    
Production 2,617,118 2,378,626
Depletion 233,798 239,002
Depreciation 31,768 37,633
Accretion of asset retirement obligation 416,354 377,197
Investor relations 914,770 458,302
Stock-based compensation 336,366 410,555
General and administrative 2,248,164 1,894,081
Total expenses 6,798,338 5,795,396
Loss before other income (expense) (3,097,611) (3,211,130)
Other income (expense)    
Provision for loan receivable (54,008)
Interest income 46,217 13,026
Interest expense (126,027) (85,100)
Finance cost (176,386)
Accretion of convertible debt discount (34,586)
Foreign exchange gain 25,668 58,196
Gain on disposal of equipment 40,074
Other income 2,600 2,513
Change in fair value of derivative liability 1,473,638 (199,789)
Loss on debt settlement (238,724) (22,406)
Total other income (expense) 1,047,060 (322,154)
Net loss (2,050,551) (3,533,284)
Other comprehensive loss    
Foreign currency translation adjustments (357,240) (179,068)
Comprehensive loss $ (2,407,791) $ (3,712,352)
Loss per share, basic and diluted $ (0.01) $ (0.04)
Weighted average number of shares outstanding basic and diluted 158,166,108 96,770,433