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Consolidated Interim Statements of Financial Position - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Dec. 31, 2020
Current assets:        
Cash and cash equivalents $ 12,638,547 $ 1,026,990 $ 1,320,802 $ 202,712
Amounts receivable 1,062,942 709,805   773,311
Prepaid expenses and deposits 209,345 95,503   24,302
Total current assets 13,910,834 1,832,298   1,000,325
Oil and gas properties, net 1,056,767 1,420,613   2,224,473
Evaluation and exploration assets 3,119,105 3,116,146   3,122,443
Property and equipment, net 133,436 147,134   128,257
Restricted cash 4,954 5,438   11,763
Total assets 18,225,096 6,521,629   6,487,261
Current liabilities:        
Accounts payable and accrued liabilities 1,231,571 852,481   1,496,510
Loans payable 339,371 630,534   549,424
Lease liability 4,783 6,732   12,116
Total current liabilities 1,575,725 1,489,747   2,058,050
Asset retirement obligation 8,384,945 8,993,108   9,355,422
Loans payable 15,014 18,513   17,730
Convertible debt   11,027
Derivative liability 741,739 472,899   1,804,572
Lease liability 9,694 8,592   27,693
Total liabilities 10,727,117 10,982,859   13,274,494
Stockholders’ equity (deficiency):        
Common stock 2,707 1,828   1,253
Share premium 44,557,756 32,175,293   26,331,369
Notes and amounts receivable for equity issued (1,193,641) (1,193,641)  
Warrant and option reserve 2,324,162 1,040,779   1,177,099
Shares to be cancelled 5,323 5,323  
Obligation to issue shares 88,998 7,450   15,342
Accumulated other comprehensive loss (705,301) (847,412)   (490,172)
Accumulated deficit (37,582,025) (35,650,850)   (33,822,124)
Total stockholders’ equity (deficiency) 7,497,979 (4,461,230) $ (14,321,520) (6,787,233)
Total liabilities and stockholders’ equity (deficiency) $ 18,225,096 $ 6,521,629   $ 6,487,261