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Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income (loss) for the period $ 47,154 $ (1,884,929)
Changes in non-cash working capital items:    
Stock-based compensation 1,150,833 84,721
Stock to be issued for services 51,208
Stock issued for services 98,820
Depletion 2,938,921 148,873
Depreciation 126,247 43,976
Accretion of asset retirement obligation 108,447 82,905
Accretion and accrued interest expense 416,025 27,188
Interest income (15,424) (28,347)
Change in fair value of derivative liability (4,827) 361,170
Unrealized foreign exchange (gain) loss (25,476)
(Gain) loss on debt settlement 1,417 (71,236)
Gain on net monetary position (6,188,247)
Restricted cash 1,085
Amounts receivable 1,795,873 (999,166)
Prepaid expenses and deposits 7,211 (4,838,732)
Accounts payable and accrued liabilities 754,665 1,149,525
Net cash provided by (used in) operating activities 1,138,295 (5,798,415)
Investing activities:    
Property and equipment expenditures (61,170) (160,003)
Oil and gas properties expenditures (17,416,289)
Changes in non-cash working capital items:    
Amounts receivable (4,089,538)  
Prepaid expenses and deposits (490,678)  
Accounts payable and accrued liabilities 10,102,936  
Net cash used in investing activities (11,954,739) (160,003)
Financing activities:    
Proceeds from stock subscriptions received, net 28,693,055
Proceeds from exercise of options 301,836 19,571
Proceeds from exercise of warrants 2,215 35,813
Proceeds from loans payable 2,105,386 91,651
Repayments of loans payable (2,437,162) (631,866)
Repayment of notes receivable 80,991
Proceeds from convertible debt 10,548,185  
Lease payments (62,720) (3,041)
Net cash provided by financing activities 10,538,731 28,205,183
Effect of exchange rate changes on cash and cash equivalents 49,432 228,764
Net increase (decrease) in cash and cash equivalents (228,281) 22,475,529
Cash and cash equivalents, beginning of year 926,061 1,026,990
Cash and cash equivalents, end of year 697,780 23,502,519
Supplemental information:    
Taxes paid
Interest paid on credit facilities 47,212 46,256
Non-cash investing and financing activities:    
Stock issued for debt settlement 142,626 372,853
Stock issued for prepaid expenses 19,393
Right-of-use asset additions $ 236,201