Annual report pursuant to Section 13 and 15(d)

Evaluated Properties (Tables)

v3.19.3
Evaluated Properties (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Acquired and Current Properties

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

 

Cost   Canadian properties     US properties     Total  
As at January 1, 2018   $     $ 14,312,580     $ 14,312,580  
Additions     1,246,216             1,246,216  
Dispositions           (3,962,042 )     (3,962,042 )
Asset retirement cost additions     1,313,982             1,313,982  
Foreign currency translation     (116,451 )           (116,451 )
As at December 31, 2018     2,443,747       10,350,538       12,794,285  
                         
Accumulated depletion                        
As at January 1, 2018           1,068,795       1,068,795  
Dispositions           (3,340,779 )     (3,340,779 )
Impairment of oil and gas properties           2,322,255       2,322,255  
Depletion     435,722       11,280       447,002  
Foreign currency translation     (22,065 )           (22,065 )
As at December 31, 2018   $ 413,657       61,551       475,208  
                         
Net book value as at December 31, 2018   $ 2,030,090     $ 10,288,987     $ 12,319,077