Supplemental Information Relating to Oil And Gas Producing Activities (Unaudited) (Details Narrative) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2019 |
Dec. 31, 2018 |
Sep. 17, 2018 |
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Percentage of working interest acquired | 3.00% | ||
Consideration amount | $ 34,607,088 | ||
Asset retirement obligation | $ 1,723,364 | $ 1,509,622 | |
Discount of future net cash flows interest rate | 10.00% | 10.00% | |
Canadian Properties [Member] | |||
Percentage of working interest acquired | 28.00% | ||
Consideration amount | $ 1,246,216 | ||
Asset retirement obligation | $ 1,313,982 |
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- Definition Discount of future net cash flows interest rate. No definition available.
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Percentage of equity in the acquiree held by the acquirer immediately before the acquisition date in a business combination. No definition available.
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- Details
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