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Condensed Consolidated Interim Statements of Financial Position - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 697,780 $ 926,061
Amounts receivable 7,255,335 4,337,825
Prepaid expenses and deposits 1,626,349 962,812
Total current assets 9,579,464 6,226,698
Oil and gas properties, net 37,166,186 30,049,794
Property and equipment, net 731,453 741,727
Total assets 47,477,103 37,018,219
Current liabilities:    
Accounts payable and accrued liabilities 18,432,797 10,600,080
RSU obligation 71,046 295,747
Loans payable 121,445 145,866
Lease liability 25,461 4,057
Total current liabilities 18,650,749 11,045,750
Asset retirement obligation 6,033,282 5,316,470
Loans payable 20,689
Convertible debt 9,937,255
Lease liability 154,620 4,552
Derivative liability 4,827
Total liabilities 34,775,906 16,392,288
Stockholders’ equity:    
Share capital 65,270,617 64,750,270
Notes and amounts receivable for equity issued (157,860) (1,062,062)
Warrant and option reserve 6,826,761 5,682,869
Shares to be cancelled 7,645 7,645
Obligation to issue shares 260,454 94,210
Accumulated other comprehensive loss (14,716,570) (4,009,997)
Accumulated deficit (44,789,850) (44,837,004)
Total stockholders’ equity 12,701,197 20,625,931
Total liabilities and stockholders’ equity $ 47,477,103 $ 37,018,219