Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Details Narrative)

v3.21.1
Related Party Transactions (Details Narrative)
 12 Months Ended
Dec. 04, 2019
Aug. 21, 2019
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Aug. 15, 2019
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Dec. 14, 2018
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Nov. 02, 2018
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Nov. 01, 2018
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Oct. 31, 2018
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Oct. 22, 2018
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Oct. 17, 2018
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Sep. 17, 2018
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Sep. 14, 2018
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Aug. 31, 2018
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Aug. 17, 2018
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May 22, 2018
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May 14, 2018
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Apr. 26, 2018
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Apr. 20, 2018
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Apr. 18, 2018
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Apr. 12, 2018
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Apr. 02, 2018
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Mar. 31, 2018
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Mar. 23, 2018
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Feb. 28, 2018
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Feb. 27, 2018
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Feb. 23, 2018
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Feb. 02, 2018
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Jan. 15, 2018
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Jan. 12, 2018
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Dec. 31, 2019
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Dec. 31, 2018
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Jan. 15, 2019
Jun. 29, 2018
a
Jun. 01, 2018
May 09, 2018
$ / shares
Apr. 09, 2018
USD ($)
Feb. 09, 2018
USD ($)
Dec. 31, 2017
shares
Warrant to purchase of common stock | shares                                                           2,708,336              
Warrant exercise price | $ / shares                                                           $ 0.20              
Warrants, term                                                           3 years              
Shares issued, price per share | $ / shares                                                                   $ 0.09      
Number of shares issued, value                                                           $ 20,000              
Aggregate of warrant exercise price                                                         179,675              
Value of shares of common stock issued related to salary compensation                                                         473,353 3,466,376              
Debt description                   The Company entered into a Memorandum of Understanding ("MOU") with Blue Sky. Pursuant to the MOU, the Company acquired an additional 3% working interest in the Canadian Properties, increasing our Working Interest to 28%. Total consideration paid from the Company to Blue Sky for the additional 3% Working Interest was $150,000.                                                      
Payments to related party                                                         $ 558,726 $ 194,104              
Non option shares granted | shares                                                         57,043,836 51,066,864             35,087,197
Fair value of warrants issued                                                         $ 72,037 $ 103,632              
Number of acres | a                                                               41,526          
Working Interest Ownership                   3.00%                                           25.00%          
Total consideration paid                   $ 150,000                                     944,055 932,441              
Director Convertible Notes [Member]                                                                          
Debt interest rate                 12.00%       12.00%                                                
Aggregate of warrant exercise price               $ 60,000                                                          
Conversion price per share | $ / shares                         $ 0.10                                                
Payments to related party               $ 60,000                                                          
Aggregate sold for convertible debt                         $ 90,000                                                
Bridge Note Warrants [Member]                                                                          
Warrant exercise price | $ / shares                         $ 0.10                                                
Warrants, term                         1 year                                                
Fair value of warrants issued                         $ 6,249                                                
Warrants contractual term                         1 year                                                
Restricted Common Stock [Member]                                                                          
Non option shares granted | shares                                   180,000                                      
Blue Sky International Holdings Inc [Member]                                                                          
Debt interest rate                                       11.00%                                  
Debt maturity date                                       April 1, 2019                                  
Conversion price per share | $ / shares                                       $ 0.12                                  
Board of Directors [Member] | Blue Sky International Holdings Inc [Member]                                                                          
Convertible debt outstanding                                     $ 500,000                                    
Common Stock [Member]                                                                          
Number of shares issued, value                                                                        
Number of shares of common stock issued related to salary compensation | shares                                                           6,750,000              
Value of shares of common stock issued related to salary compensation                                                         $ 6,750              
Warrants [Member]                                                                          
Warrant exercise price | $ / shares                                                         $ 0.10                
Aggregate of warrant exercise price                                                         $ 27,375                
Non option shares granted | shares                                   266,971                                      
Loan Agreement [Member]                                                                          
Debt interest rate                   3.50%                                     12.00%   4.00%   12.00%        
Warrant to purchase of common stock | shares                                                         10,000,000                
Warrant exercise price | $ / shares                                                         $ 0.10                
Warrants, term                                                         4 years                
Number of shares issued | shares                                                         2,500,000                
Shares issued, price per share | $ / shares                                                         $ 0.08                
Paul Deputy [Member]                                                                          
Payments of severance                                                     $ 192,521                    
Amortization of severance pay                                                     30 months                    
Debt interest rate                                                     5.00%                    
Monthly severance pay                                                     $ 5,000                    
Fair value of warrants issued                                                     $ 109,021                    
Warrant to purchase of common stock | shares                                         250,000   250,000       250,000                    
Warrant exercise price | $ / shares                                         $ 0.20   $ 0.20       $ 0.20                    
Warrants, term                                         36 months   36 months       36 months                    
Tariq Chaudhary [Member]                                                                          
Shares issued, price per share | $ / shares                           $ 0.10                                              
Number of shares of common stock issued related to salary compensation | shares                           500,000                                              
Value of shares of common stock issued related to salary compensation                           $ 50,000                                              
Tariq Chaudhary [Member] | Employment Agreement [Member]                                                                          
Warrant to purchase of common stock | shares                                                       500,000                  
Warrant exercise price | $ / shares                                                       $ 0.12                  
Debt instrument term                                                       1 year                  
Salary paid first 90 days of probation period                                                       $ 7,500                  
Vesting period of award                                                       36 months                  
Salary                                                       $ 120,000                  
Signing bonus shares of common stock | shares                                                       500,000                  
Quinten Beasley [Member]                                                                          
Debt interest rate                                                         10.00% 10.00%              
Warrant to purchase of common stock | shares                                                   1,110,000                      
Settlement of accounts payable                                                   $ 102,590                      
Shares issued, price per share | $ / shares                                                   $ 0.092                      
Gain loss on settlement                                                                        
Quinten Beasley [Member] | Separation Agreement [Member]                                                                          
Warrant to purchase of common stock | shares                 2,000,000                                                        
Warrant exercise price | $ / shares                 $ 0.10                                                        
Warrants, term                 2 years                                                        
Number of shares issued, value                 $ 256,000                                                        
Fair value of warrants issued                 $ 244,429                                                        
Joel Oppenheim [Member]                                                                          
Debt interest rate [1]                                                         12.00% 12.00%              
Warrant to purchase of common stock | shares       312,500     625,000                 500,000             630,000             1,000,000              
Warrant exercise price | $ / shares             $ 0.10                 $ 0.10           $ 0.12 $ 0.098     $ 0.12                      
Warrants, term                                                           3 years              
Number of shares issued | shares                                           104,167       208,333                      
Shares issued, price per share | $ / shares       $ 0.08     $ 0.08                                                            
Gross proceeds from warrants                                           $ 12,500       $ 25,000                      
Aggregate of warrant exercise price                               $ 50,000             $ 61,800                            
Aggregate sold for convertible debt                         $ 10,000                                                
Value of warrant to purchase of common stock       $ 12,500     $ 25,000                                             $ 104,009              
Number of shares subscribed in private placement | shares       156,250     312,500                                                            
Joel Oppenheim [Member] | Minimum [Member]                                                                          
Warrant exercise price | $ / shares                                                           $ 0.10              
Joel Oppenheim [Member] | Maximum [Member]                                                                          
Warrant exercise price | $ / shares                                                           $ 0.14              
Joel Oppenheim [Member] | Bridge Note Warrants [Member]                                                                          
Warrant number of shares granted | shares                         10,000                                                
Joel Oppenheim [Member] | Debt Private Placements [Member]                                                                          
Fair value of warrants issued   $ 62,066                                                                      
Warrant to purchase of common stock | shares   1,250,000                                                                      
Warrant exercise price | $ / shares   $ 0.08                                                                      
Number of shares issued | shares   625,000                                                                      
Proceeds from issuance of debt   $ 50,000                                                                      
Joel Oppenheim [Member] | Loan Agreement [Member]                                                                          
Debt interest rate     12.00%                                                                    
Warrant to purchase of common stock | shares                     150,000                                                    
Warrant exercise price | $ / shares     $ 0.10               $ 0.10                                                    
Warrants, term                     2 years                                                    
Fair value of warrants issued                     $ 11,242                                                    
Warrant number of shares granted | shares     200,000                                                                    
Jovian Petroleum Corporation [Member]                                                                          
Debt interest rate [2]                                                         3.50% 3.50%              
Warrant to purchase of common stock | shares         1,250,000                                                                
Shares issued, price per share | $ / shares         $ 0.08                                                                
Ownership interest                                                                       25.00%  
Value of warrant to purchase of common stock         $ 50,000                                                                
Number of shares subscribed in private placement | shares         625,000                                                                
Jovian Petroleum Corporation [Member] | Revolving Line of Credit Agreement [Member]                                                                          
Debt interest rate                                                                       3.50%  
Revolving Line of Credit                                     $ 500,000                                 $ 200,000  
Jovian Petroleum Corporation [Member] | Amended Revolving Line of Credit Agreement [Member]                                                                          
Convertible debt outstanding                                                                     $ 500,000    
Debt description                                     The expiration of the line of credit and accruing interest at the rate of 3.5% per annum unless there is a default thereunder at which time amounts outstanding accrue interest at the rate of 7.5% per annum until paid in full, with such interest payable every 90 days.                                    
Saleem Nizami [Member]                                                                          
Number of shares issued | shares                                                 100,000                        
Shares issued, price per share | $ / shares                                                 $ 0.13                        
Number of shares issued, value                                                 $ 13,000                        
Bow Energy Ltd [Member]                                                                          
Number of shares issued | shares                                               1.15                          
Bow Energy Ltd [Member] | Common Stock [Member]                                                                          
Number of shares issued | shares                                               106,156,712                          
James E. Burns [Member]                                                                          
Warrant to purchase of common stock | shares                                 2,000,000                                        
Warrant exercise price | $ / shares                                 $ 0.10                                        
Warrants, term                                 36 months                                        
Salary                                 $ 65,000                                        
Shares issued, price per share | $ / shares                                         $ 0.10                                
Number of shares issued, value                                 $ 45,000                                        
Number of shares of common stock issued related to salary compensation | shares                                         350,000                                
Value of shares of common stock issued related to salary compensation                                         $ 35,000                                
Number of restricted shares for common stock | shares                             500,000   500,000                                        
Fair value of warrants issued                                 $ 147,600                                        
Maximum health benefits amount                                 $ 25,000                                        
James E. Burns [Member] | Separation and Release Agreement [Member]                                                                          
Warrant to purchase of common stock | shares                                   3,000,000                                      
Warrant exercise price | $ / shares                                   $ 0.10                                      
Payments to related party                                   $ 33,000                                      
Number of restricted shares for common stock | shares                             2,000,000                                            
Ivar Siem [Member]                                                                          
Debt interest rate [1]                                                         12.00% 12.00%              
Debt maturity date [1]                                                         On demand On demand              
Aggregate sold for convertible debt                         $ 20,000                                                
Ivar Siem [Member] | Bridge Note Warrants [Member]                                                                          
Warrant number of shares granted | shares                         20,000                                                
Ivar Siem [Member] | Loan Agreement [Member]                                                                          
Debt interest rate 12.00%   12.00%                                                                    
Debt maturity date (6) month maturity.   (4) month maturity.                                                                    
Debt description At the maturity date, the note holder has the right to collect the principal plus interest or convert into 1,250,000 shares of common stock at $0.08 per share. In addition, if converted, the note holder will also receive 5,000,000 warrants at an exercise price of $0.10 per share, vesting immediately with a 36 month expiration period.                                                                        
Leo Womack [Member]                                                                          
Debt interest rate [3]                                                                      
Warrant to purchase of common stock | shares               1,000,000                                                          
Warrant exercise price | $ / shares               $ 0.06                                                          
Debt maturity date [3]                                                         On demand On demand              
Payments to related party               $ 60,000                                                          
Aggregate sold for convertible debt                         $ 60,000                                                
Value of warrant to purchase of common stock               $ 60,000                                                          
Leo Womack [Member] | Bridge Note Warrants [Member]                                                                          
Warrant number of shares granted | shares                         60,000                                                
Leo Womack [Member] | Debt Private Placements [Member]                                                                          
Fair value of warrants issued   $ 31,033                                                                      
Warrant to purchase of common stock | shares   625,000                                                                      
Warrant exercise price | $ / shares   $ 0.08                                                                      
Number of shares issued | shares   312,500                                                                      
Proceeds from issuance of debt   $ 25,000                                                                      
Blue Sky [Member] | Share Exchange Agreement [Member]                                                                          
Ownership interest                       100.00%                                                  
Number of shares cancelled | shares                       70,807,417                                                  
Richard Dole [Member]                                                                          
Warrant to purchase of common stock | shares           625,000                                                              
Shares issued, price per share | $ / shares           $ 0.08                                                              
Value of warrant to purchase of common stock           $ 25,000                                                              
Number of shares subscribed in private placement | shares           312,500                                                              
American Resource Offshore Inc. [Member]                                                                          
Warrant to purchase of common stock | shares       312,500                                                                  
Shares issued, price per share | $ / shares       $ 0.08                                                                  
Value of warrant to purchase of common stock       $ 12,500                                                                  
Number of shares subscribed in private placement | shares       156,250                                                                  
American Resource Offshore Inc. [Member] | Debt Private Placements [Member]                                                                          
Fair value of warrants issued   $ 31,033                                                                      
Warrant to purchase of common stock | shares   625,000                                                                      
Warrant exercise price | $ / shares   $ 0.08                                                                      
Number of shares issued | shares   312,500                                                                      
Proceeds from issuance of debt   $ 25,000                                                                      
Jovian Petroleum Resources Two [Member] | Debt Private Placements [Member]                                                                          
Fair value of warrants issued   $ 62,066                                                                      
Warrant to purchase of common stock | shares   1,250,000                                                                      
Warrant exercise price | $ / shares   $ 0.08                                                                      
Number of shares issued | shares   625,000                                                                      
Proceeds from issuance of debt   $ 50,000                                                                      
[1] On August 17, 2018, the Company sold an aggregate of $90,000 in convertible promissory notes (the "Director Convertible Notes"), to the Company's directors, Ivar Siem ($20,000) through an entity that he is affiliated with; Leo Womack ($60,000); and Joel Oppenheim ($10,000). The Director Convertible Notes accrue interest at the rate of 12% per annum until paid in full and were due and payable on October 17, 2018. The amount owed may be prepaid at any time without penalty. The outstanding principal and interest owed under the Director Convertible Notes are convertible into common stock of the Company, from time to time, at the option of the holders of the notes, at a conversion price of $0.10 per share. As additional consideration for entering into the notes, the Company agreed to grant warrants to purchase one share of the Company's common stock at an exercise price of $0.10 per share for each dollar loaned pursuant to the Director Convertible Notes (the "Bridge Note Warrants"). The warrants had a contractual life of one year. As such, the Company granted (a) 20,000 Bridge Note Warrants to an entity affiliated with Ivar Siem; (b) 60,000 Bridge Note Warrants to Leo Womack; and (c) 10,000 Bridge Note Warrants to Joel Oppenheim. The Director Convertible Notes contain standard and customary events of default. The Company fair valued the warrants issued using the Black-Scholes Option Pricing Model for a total fair value of $6,249. On October 22, 2018, $60,000 in Director Convertible Notes were settled by offsetting against $60,000 proceeds required for the exercise of warrants. On August 15, 2019, the Company entered into a loan agreement in the amount of $200,000 with Joel Oppenheim. The note bears interest at an interest rate of 12% per annum and payments of $50,000 are due monthly beginning September 2, 2019 with the remaining balance due in full at maturity on December 31, 2019. In association with the loan, the Company issued 200,000 warrants at an exercises price of $0.10 per share that expire on August 15, 2021. The warrants fully vest on maturity date. The notes are secured by a 50% Working Interest in the SUDS field and Noack field sale proceeds. On August 15, 2019, the Company entered into a loan agreement in the amount of $75,000 with Ivar Siem. The note bears interest at an interest rate of 12% per annum with a four (4) month maturity. On December 4, 2019, the Company entered into a loan agreement in the amount of $100,000 with Ivar Siem. The note bears interest at an interest rate of 12% per annum with a six (6) month maturity. At the maturity date, the note holder has the right to collect the principal plus interest or convert into 1,250,000 shares of common stock at $0.08 per share. In addition, if converted, the note holder will also receive 5,000,000 warrants at an exercise price of $0.10 per share, vesting immediately with a 36 month expiration period.
[2] On February 9, 2018, the Company entered into a Revolving Line of Credit Agreement ("LOC") for $200,000 (subsequently increased to $500,000 on April 12, 2018) with Jovian Petroleum Corporation. The CEO of Jovian is Quinten Beasley, our former director (resigned October 31, 2018), and 25% of Jovian is owned by Zel C. Khan, our CEO and director. The initial agreement is for a period of 6 months and can be extended for up to 5 additional terms of 6 months each. All amounts advanced pursuant to the LOC will bear interest from the date of advance until paid in full at 3.5% simple interest per annum. Interest will be calculated on a basis of a 360-day year and charged for the actual number of days elapsed. Subsequent to year-end this LOC has been extended until December 31, 2021.
[3] Balances are non-interest bearing and due on demand.