SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details Narrative) - USD ($) |
12 Months Ended | |
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Dec. 31, 2020 |
Dec. 31, 2019 |
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| Property, Plant and Equipment [Line Items] | ||
| Asset retirement obligation | $ 3,624,133 | $ 1,723,364 |
| Discount of future net cash flows interest rate | 10.00% | 10.00% |
| Utikuma Field [Member] | ||
| Property, Plant and Equipment [Line Items] | ||
| Assets acquired, percentage | 50.00% | |
| Purchase price | $ 678,765 | |
| Asset retirement obligation | $ 906,146 | |
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- Definition Assets acquired, percentage. No definition available.
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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://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Details
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