Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Financial Information for Geographical Segments

For the year ended December 31, 2021
	Bulgaria			North America			Turkey			Total
Revenue
Oil and natural gas sales	$	–		$	–		$	3,700,727		$	3,700,727
								3,700,727			3,700,727
Cost and expenses
Production		–			–			2,617,118			2,617,118
Depletion		–			–			233,798			233,798
Depreciation		–			–			31,768			31,768
Accretion of asset retirement obligation		–			–			416,354			416,354
Investor relations		–			914,770			–			914,770
Stock-based compensation		–			336,366			–			336,366
General and administrative		14,468			1,253,770			979,926			2,248,164
Total (recovery) expenses	$	14,468		$	2,504,906		$	4,278,964		$	6,798,338
Income (loss) before other income (expenses)	$	(14,468	)	$	(2,504,906	)	$	(578,237	)	$	(3,097,611	)
Other income (expenses)
Interest income		–			17,733			28,484			46,217
Interest expense		–			(126,027	)		–			(126,027	)
Finance cost		–			(176,386	)		–			(176,386	)
Other income (expense)		2,600			–			–			2,600
Foreign exchange gain (loss)		188			37,757			(12,277	)		25,668
Loss on debt settlement		–			(238,724	)		–			(238,724	)
Gain on disposal of equipment		–			–			40,074			40,074
Change in fair value of derivative liability		–			1,473,638			–			1,473,638
Total other income (expense)	$	2,788		$	987,991		$	56,281		$	1,047,060
Net income (loss)	$	(11,680	)	$	(1,516,915	)	$	(521,956	)	$	(2,050,551	)
Long-lived assets	$	3,116,146		$	-		$	2,209,368		$	5,325,515

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
Investor relations		–			458,302			–			458,302
Stock-based compensation		–			410,555			–			410,555
General and administrative		6,791			910,108			977,182			1,894,081
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