v3.22.2.2
Consolidated Interim Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Oil and gas revenue $ 1,077,770 $ 879,207 $ 3,589,368 $ 2,837,024
Cost and expenses        
Production 647,464 774,249 2,004,869 2,008,383
Depletion 62,888 109,445 211,761 343,158
Depreciation 12,541 6,982 56,517 20,790
Accretion of asset retirement obligation 64,402 23,037 147,307 68,864
Investor relations 151,474 70,721 511,576 794,295
Stock-based compensation 1,410,291 1,495,012 161,291
General and administrative 1,774,447 509,335 4,108,997 1,540,138
Total expenses 4,123,507 1,493,769 8,536,039 4,936,919
Loss before other income (expenses) (3,045,737) (614,562) (4,946,671) (2,099,895)
Other income (expense)        
Interest income 8,992 16,520 44,067 27,450
Interest expense (118) (46,116) (28,426) (119,871)
Finance cost (22,649) (88,502) (52,097) (137,884)
Foreign exchange gain 907,864 (12,344) 1,236,484 (13,298)
Change in fair value of derivative liability 66,797 6,205,914 (294,373) 507,446
Provision for settlement agreement (379,919) (379,919)
Gain (loss) on debt settlement (105) (13,718) 71,131 (159,383)
Total other income (expense) 580,862 6,061,754 596,867 104,460
Net income (loss) (2,464,875) 5,447,192 (4,349,804) (1,995,435)
Other comprehensive income (loss)        
Foreign currency translation (1,631,932) 66,194 (2,356,818) (119,650)
Comprehensive income (loss) $ (4,096,807) $ 5,513,386 $ (6,706,622) $ (2,115,085)
 Loss per share – Basic and diluted $ (0.01) $ 0.04 $ (0.01) $ (0.01)
Weighted average shares outstanding – Basic and diluted 371,531,909 150,439,108 290,281,681 178,410,202