Quarterly report pursuant to Section 13 or 15(d)

EVALUATED PROPERTIES (Tables)

v3.23.1
EVALUATED PROPERTIES (Tables)
3 Months Ended
Mar. 31, 2023
Extractive Industries [Abstract]  
SCHEDULE OF COMPANY’S CURRENT PROPERTIES

The Company’s current properties can be summarized as follows.

 

Cost  

Canadian

properties

   

United States properties

    Total  
As of December 31, 2021   $ 2,492,403     $ 4,304,622     $ 6,797,025  
Dispositions           375       375  
Foreign currency translation     (159,363 )           (159,363 )
As of December 31, 2022   $ 2,333,040     $ 4,304,997     $ 6,638,037  
Foreign currency translations     1,896             1,896  
As of March 31, 2023   $ 2,334,936     $ 4,304,997     $ 6,639,933  
                         
Accumulated depletion                        
As of December 31, 2021   $ 387,409     $ 61,551     $ 448,960  
Depletion     237,067             237,067  
Foreign currency translation     (34,273 )           (34,273 )
As of December 31, 2022   $ 590,203     $ 61,551     $ 651,754  
Depletion     44,806             44,806  
Foreign currency translation     450             450  
As of March 31, 2023   $ 635,459     $ 61,551     $ 697,010  
                         
Net book value as of December 31, 2022   $ 1,742,837     $ 4,243,446     $ 5,986,283  
Net book value as of March 31, 2023   $ 1,699,477     $ 4,243,446     $ 5,942,923