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Consolidated Interim Statements of Financial Position - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Current assets:        
Cash and cash equivalents $ 23,502,519 $ 1,026,990 $ 1,084,701 $ 202,712
Amounts receivable 1,482,718 709,805   773,311
Prepaid expenses and deposits 4,150,400 95,503   24,302
Total current assets 29,135,637 1,832,298   1,000,325
Oil and gas properties, net 627,360 1,420,613   2,224,473
Evaluation and exploration assets 3,111,591 3,116,146   3,122,443
Property and equipment, net 249,971 147,134   128,257
Restricted cash 4,353 5,438   11,763
Total assets 33,128,912 6,521,629   6,487,261
Current liabilities:        
Accounts payable and accrued liabilities 1,437,097 852,481   1,496,510
Loans payable 53,706 630,534   549,424
Lease liability 4,312 6,732   12,116
Total current liabilities 1,495,115 1,489,747   2,058,050
Asset retirement obligation 8,431,633 8,993,108   9,355,422
Loans payable 63,444 18,513   17,730
Convertible debt   11,027
Derivative liability 516,903 472,899   1,804,572
Lease liability 7,413 8,592   27,693
Total liabilities 10,514,508 10,982,859   13,274,494
Stockholders’ equity (deficiency):        
Common stock 3,276 1,828   1,253
Share premium 57,554,973 32,175,293   26,331,369
Notes and amounts receivable for equity issued (1,211,809) (1,193,641)  
Warrant and option reserve 5,317,172 1,040,779   1,177,099
Shares to be cancelled 7,661 5,323  
Obligation to issue shares 51,208 7,450   15,342
Accumulated other comprehensive loss (1,572,298) (847,412)   (490,172)
Accumulated deficit (37,535,779) (35,650,850)   (33,822,124)
Total stockholders’ equity (deficiency) 22,614,404 (4,461,230) $ (11,747,636) (6,787,233)
Total liabilities and stockholders’ equity (deficiency) $ 33,128,912 $ 6,521,629   $ 6,487,261