| Schedule of Long-lived Assets |
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:
| |
|
Canada |
|
|
United States |
|
|
Total |
|
| Three months ended March 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
474,632 |
|
|
$ |
6,489 |
|
|
$ |
481,121 |
|
| Production costs |
|
|
(481,447 |
) |
|
|
(122,660 |
) |
|
|
(604,107 |
) |
| Depreciation, depletion, amortization and accretion |
|
|
(294,331 |
) |
|
|
(8,047 |
) |
|
|
(302,378 |
) |
| Results of operations from producing activities |
|
$ |
(301,146 |
) |
|
$ |
(124,218 |
) |
|
$ |
(425,364 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total long-lived assets, March 31, 2020 |
|
$ |
733,777 |
|
|
$ |
10,340,504 |
|
|
$ |
11,074,281 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended March 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
796,776 |
|
|
$ |
22,564 |
|
|
$ |
819,340 |
|
| Production costs |
|
|
(636,239 |
) |
|
|
(59,874 |
) |
|
|
(696,113 |
) |
| Depreciation, depletion, amortization and accretion |
|
|
(200,351 |
) |
|
|
(10,296 |
) |
|
|
(210,647 |
) |
| Results of operations from producing activities |
|
$ |
(39,814 |
) |
|
$ |
(47,606 |
) |
|
$ |
(87,420 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total long-lived assets, December 31, 2019 |
|
$ |
1,877,771 |
|
|
$ |
10,370,770 |
|
|
$ |
12,248,541 |
|
|