| Schedule of Result of Operation from Production Activity |
The Company has a single reportable operating segment,
Oil and Gas Exploration and Production, which includes exploration, development, and production of current and potential oil and gas properties.
Results of operations from producing activities were as follows:
| |
|
Three Months Ended
September 30, 2019 |
|
|
Three Months Ended
September 30, 2018 |
|
|
Nine Months Ended
September 30, 2019 |
|
|
Nine Months Ended
September 30, 2018
|
|
| Canada |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
|
802,131 |
|
|
|
652,151 |
|
|
|
2,356,003 |
|
|
|
639,433 |
|
| Production costs |
|
|
(864,553 |
) |
|
|
(553,304 |
) |
|
|
(2,357,872 |
) |
|
|
(552,599 |
) |
| Depreciation, depletion, amortization and accretion |
|
|
(267,769 |
) |
|
|
(38,355 |
) |
|
|
(699,504 |
) |
|
|
(33,201 |
) |
| Results of operations from producing activities |
|
|
(330,191 |
) |
|
|
60,492 |
|
|
|
(706,745 |
) |
|
|
53,633 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total long-lived assets |
|
|
1,389,374 |
|
|
|
2,537,675 |
|
|
|
1,389,374 |
|
|
|
2,615,096 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
|
32,190 |
|
|
|
3,025 |
|
|
|
97,662 |
|
|
|
69,484 |
|
| Production costs |
|
|
(86,526 |
) |
|
|
(66,228 |
) |
|
|
(241,957 |
) |
|
|
(212,926 |
) |
| Depreciation, depletion, amortization and accretion |
|
|
(12,047 |
) |
|
|
(10,038 |
) |
|
|
(28,140 |
) |
|
|
(47,106 |
) |
| Results of operations from producing activities |
|
|
(66,383 |
) |
|
|
(73,241 |
) |
|
|
(167,063 |
) |
|
|
(190,548 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total long-lived assets |
|
|
10,350,677 |
|
|
|
10,796,719 |
|
|
|
10,350,677 |
|
|
|
10,796,719 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
|
834,321 |
|
|
|
655,176 |
|
|
|
2,453,665 |
|
|
|
708,917 |
|
| Production costs |
|
|
(951,079 |
) |
|
|
(619,532 |
) |
|
|
(2,599,829 |
) |
|
|
(765,525 |
) |
| Depreciation, depletion, amortization and accretion |
|
|
(279,816 |
) |
|
|
(48,393 |
) |
|
|
(727,644 |
) |
|
|
(80,307 |
) |
| Results of operations from producing activities |
|
|
(396,574 |
) |
|
|
(12,749 |
) |
|
|
(873,808 |
) |
|
|
(136,915 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total long-lived assets |
|
|
11,740,051 |
|
|
|
13,411,815 |
|
|
|
11,740,051 |
|
|
|
13,411,815 |
|
|