Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Balance Sheets

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Interim Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash $ 5,378 $ 82,593
Accounts receivable 77,601 51,026
Other current assets 15,816 8,993
Total current assets 98,795 142,612
Property & equipment    
Evaluated properties 16,888,016 14,312,580
Furniture, equipment & software 201,110 264,723
Less accumulated depreciation and depletion (3,543,325) (1,192,229)
Net property and equipment 13,545,801 13,385,074
Other Assets    
Intangible assets 49,886 49,886
Total Assets 13,694,482 13,577,572
Current liabilities    
Bank indebtedness 17,322
Accounts payable 290,183 253,557
Accounts payable - related parties 51,148 159,878
Accrued liabilities 504,194 81,083
Accrues liabilities - related parties 582,401 815,814
Notes payable 169,098 32,582
Notes payable - related parties 539,876 217,100
Derivative liability 34,369
Total current liabilities 2,188,591 1,560,014
Asset retirement obligations 1,814,222 473,868
Notes payable 880,073 24,204
Total Liabilities 4,882,886 2,058,086
Stockholders' Equity    
Preferred stock, $0.001 par value, 1,000,000 shares authorized; 199,100 and 197,100 shares issued and outstanding 199 197
Common stock, $0.001 par value; 400,000,000 shares authorized; 158,111,227 and 111,698,222 shares issued and outstanding 158,111 111,698
Additional paid in capital 56,265,132 22,730,974
Accumulated other comprehensive income (18,858)
Accumulated deficit (47,592,988) (11,323,383)
Total Stockholders' Equity 8,811,596 11,519,486
Total Liabilities and Stockholders' Equity $ 13,694,482 $ 13,577,572