EVALUATED PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2020

The acquired properties and current properties can be summarized as follows:

Cost	Canadian properties		US properties			Total
As of December 31, 2018		2,443,747		10,350,538			12,794,285
Additions		—		—			—
Dispositions		—		—			—
Asset retirement cost additions		—		—			—
Foreign currency translations		119,687		—			119,687
As of December 31, 2019	$	2,563,434	$	10,350,538		$	12,913,972
Additions		678,765		—			678,765
Dispositions		—		5,648,904	)		(6,255,103	)
Impairment of oil and gas properties				(396,922	)		(396,922	)
Asset retirement cost additions		906,146		—			1,512,256
Foreign currency translation		166,459		—			166,459
As of December 31, 2020		4,314,804		4,304,622			8,619,427

Accumulated depletion
As of December 31, 2018		413,657		61,551			475,208
Dispositions		—		—			—
Impairment of oil and gas properties		—		—			—
Depletion		1,004,832		—			1,004,832
Foreign currency translations		40,487		—			40,487
As of December 31, 2019		1,458,976		61,551			1,520,527
Dispositions		—		—			—
Depletion		1,115,595		—			1,115,595
Foreign currency translation		57,178		—			57,178
As of December 31, 2020	$	2,631,749	$	61,551		$	2,693,300

Net book value as at December 31, 2020	$	1,683,055	$	4,243,071		$	5,926,126
Net book value as at December 31, 2019	$	1,104,458	$	10,288,987		$	11,393,445