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Consolidated Statements of Loss and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue    
Oil and gas revenue, net $ 9,375,029 $ 3,700,727
Cost and expenses    
Production 3,567,875 2,617,118
Depletion 1,451,032 415,686
Depreciation 145,035 31,768
Accretion of asset retirement obligation 264,075 91,983
Stock-based compensation 2,118,917 336,366
General and administrative 6,397,500 3,162,934
Geological and geophysical expenses 636,248
Impairment of exploration and evaluation assets 3,101,343
Total expenses 17,682,025 6,655,855
Loss before other income (expenses) (8,306,996) (2,955,128)
Other income (expense)    
Interest income 86,739 46,217
Finance cost (79,693) (302,413)
Foreign exchange gain 1,272,450 25,669
Gain (loss) on extinguishment accounts payable 97,051 (159,383)
Change in fair value of derivative liability (686,504) (1,590,762)
Loss on settlement agreement (285,120)
Loss on write-off of notes and other receivables (46,176)
Gain on net monetary position 1,826,495
Gain on sale of equipment 40,074
Other income 2,600
Total other income (expense) 2,185,242 (1,937,998)
Net loss (6,121,754) (4,893,126)
Other comprehensive loss    
Foreign currency translation (3,636,492) (357,240)
Comprehensive loss $ (9,758,246) $ (5,250,366)
Loss per share – Basic and diluted $ (0.02) $ (0.03)
Weighted average shares outstanding – Basic and diluted 312,457,409 158,166,108