| SCHEDULE OF ASSET RETIREMENT OBLIGATIONS |
SCHEDULE
OF ASSET RETIREMENT OBLIGATIONS
| |
|
Canadian properties |
|
|
United States properties |
|
|
Total |
|
| Asset retirement obligations, December 31, 2019 |
|
$ |
1,445,991 |
|
|
$ |
277,373 |
|
|
|
1,723,364 |
|
| Acquisition of Canadian property - Utikuma |
|
|
906,146 |
|
|
|
— |
|
|
|
906,146 |
|
| Plugging liability at Twin Lakes |
|
|
— |
|
|
|
606,109 |
|
|
|
606,109 |
|
| Accretion expense |
|
|
259,016 |
|
|
|
28,742 |
|
|
|
287,758 |
|
| Disposition |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Foreign currency translation |
|
|
100,756 |
|
|
|
— |
|
|
|
100,756 |
|
| Asset retirement obligations, December 31, 2020 |
|
$ |
2,711,909 |
|
|
$ |
912,225 |
|
|
$ |
3,624,133 |
|
| Plugging liability at Twin Lakes |
|
|
— |
|
|
|
152,000 |
|
|
|
132,000 |
|
| Accretion expense |
|
|
290,367 |
|
|
|
26,506 |
|
|
|
316,873 |
|
| Disposition |
|
|
(1,824,339 |
) |
|
|
— |
|
|
|
(1,824,339 |
) |
| Foreign currency translation |
|
|
8,360 |
|
|
|
— |
|
|
|
8,360 |
|
| Asset retirement obligations, December 31, 2021 |
|
$ |
1,186,297 |
|
|
$ |
1,070,730 |
|
|
$ |
2,257,027 |
|
|