Oil and Gas Properties (Tables)

3 Months Ended

Mar. 31, 2023

Oil And Gas Properties

Schedule of Oil and Gas Properties

	SASB			Cendere			Total
Cost
As at December 31, 2021	$	1,398,676		$	2,453,485		$	3,852,161
Additions		44,369,191			-			44,369,191
JV Contribution		(6,656,785	)		-			(6,656,785	)
Change in ARO estimate		(3,865,772	)		(5,562	)		(3,871,334	)
Currency translation adjustment		(4,748,897	)		-			(4,748,897	)
Impact of hyperinflation		837,908			110,090			947,998
As at December 31, 2022		31,334,321			2,558,013			33,892,334
Additions		19,927,785			-			19,927,785
JV Contribution		(14,734,816	)		-			(14,734,816	)
Change in ARO estimate		331,643			-			331,643
Currency translation adjustment		182,995			-			182,995
Impact of hyperinflation		2,611,566			283,992			2,895,558
As at March 31, 2023	$	39,653,494		$	2,842,005		$	42,495,499
Accumulated depletion
As at December 31, 2021	$	743,647		$	1,687,901		$	2,431,548
Depletion		1,263,556			187,476			1,451,032
Impact of hyperinflation		(34,215	)		(5,825	)		(40,040	)
As at December 31, 2022		1,972,988			1,869,552			3,842,540
Depletion		1,933,788			25,365			1,959,153
As at March 31, 2023	$	3,906,776		$	1,894,917		$	5,801,693
Net book value
As at December 31, 2022	$	29,361,333		$	688,461		$	30,049,794
As at March 31, 2023	$	35,746,718		$	947,088		$	36,693,806