Related Party Transactions (Details Narrative) |
6 Months Ended | ||||
|---|---|---|---|---|---|
May 29, 2020 |
May 02, 2020
CAD ($)
a
|
Aug. 21, 2019
USD ($)
$ / shares
shares
|
Jul. 23, 2019
$ / shares
shares
|
Jun. 30, 2020
shares
|
|
| Number of shares issued | |||||
| Blue Sky Resources Ltd [Member] | |||||
| Business combination, control obtained description | Petrolia Energy Corporation acquired a 50% working interest in approximately 28,000 acres located in the Utikuma Lake area in Alberta, Canada. The property is an oil-weighted asset currently producing approximately 500 bopd of light oil. The working interest was acquired from Blue Sky Resources Ltd. in an affiliated party transaction as Zel C. Khan, the Company's former Chief Executive Officer, is related to the ownership of Blue Sky. Blue Sky acquired a 100% working interest in the Canadian Property from Vermilion Energy Inc. via Vermilion's subsidiary Vermilion Resources. The effective date of the acquisition was May 1, 2020 | ||||
| Blue Sky [Member] | |||||
| Number of acres | a | 28,000 | ||||
| Business combination, description | The total purchase price of the property was $2,000,000 (CAD), with $1,000,000 of that total due initially. The additional $1,000,000 was contingent on the future price of WTI crude. At the time WTI price exceeded $50/bbl, the Company would pay an additional $750,000. In addition, at the time WTI price exceeded $57/bbl the Company would pay an additional $250,000 (for a cumulative contingent total of $1,000,000). Note that WTI crude prices did not exceed those price thresholds until 2021, so the contingent $1,000,000 will not be recorded until 2021. Included in the terms of the agreement, the Company also funded their portion of the Alberta Energy Regulator ("AER") bond fund requirement ($560,441), necessary for the wells to continue in production after the acquisition. Additional funds ($474,581 USD) remain in the other current asset balance for future payments to BSR, related to the acquisition. | ||||
| Blue Sky [Member] | Canadian Dollars [Member] | |||||
| Payments to acquire oil property | $ | $ 2,000,000 | ||||
| Blue Sky Resources [Member] | Utikuma Lake [Member] | |||||
| Ownership percentage | 50.00% | ||||
| Blue Sky [Member] | Vermilion Energy Inc. [Member] | |||||
| Ownership percentage | 100.00% | ||||
| Jovian Petroleum Resources Two [Member] | Debt Private Placements [Member] | |||||
| Proceeds from issuance of debt | $ | $ 50,000 | ||||
| Number of shares issued | 625,000 | ||||
| Warrant to purchase of common stock | 1,250,000 | ||||
| Warrant exercise price | $ / shares | $ 0.08 | ||||
| Fair value of warrants issued | $ | $ 62,066 | ||||
| Joel Oppenheim [Member] | |||||
| Number of shares issued | 156,250 | ||||
| Warrant exercise price | $ / shares | $ 0.08 | ||||
| Joel Oppenheim [Member] | Debt Private Placements [Member] | |||||
| Proceeds from issuance of debt | $ | $ 50,000 | ||||
| Number of shares issued | 625,000 | ||||
| Warrant to purchase of common stock | 1,250,000 | ||||
| Warrant exercise price | $ / shares | $ 0.08 | ||||
| Fair value of warrants issued | $ | $ 62,066 | ||||
| American Resource Offshore Inc. [Member] | Debt Private Placements [Member] | |||||
| Proceeds from issuance of debt | $ | $ 25,000 | ||||
| Number of shares issued | 312,500 | ||||
| Warrant to purchase of common stock | 625,000 | ||||
| Warrant exercise price | $ / shares | $ 0.08 | ||||
| Fair value of warrants issued | $ | $ 31,033 | ||||
| Leo Womack [Member] | Debt Private Placements [Member] | |||||
| Proceeds from issuance of debt | $ | $ 25,000 | ||||
| Number of shares issued | 312,500 | ||||
| Warrant to purchase of common stock | 625,000 | ||||
| Warrant exercise price | $ / shares | $ 0.08 | ||||
| Fair value of warrants issued | $ | $ 31,033 |