Oil and Gas Properties (Tables)

12 Months Ended

Dec. 31, 2022

Oil And Gas Properties

Schedule of Oil and Gas Properties

	SASB			Cendere			Total
Cost
As at January 1, 2021	$	1,792,155		$	2,448,180		$	4,240,335
Additions		66,122			-			66,122
Change in ARO estimate		(459,601	)		5,305			(454,296	)
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
Accumulated depletion
As at January 1, 2021	$	555,201		$	1,460,661		$	2,015,862
Depletion		188,446			227,240			415,686
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
Net book value
As at January 1, 2021	$	1,236,954		$	987,519		$	2,224,473
As at December 31, 2021	$	655,029		$	765,584		$	1,420,613
As at December 31, 2022	$	29,361,333		$	688,461		$	30,049,794