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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,011,728 $ 7,123,068
Restricted cash 2,719,360 3,375,395
Accounts receivable, net 15,390,733 26,466,208
Derivative assets 0 2,019,600
Prepaid expenses 771,325 1,075,697
Total current assets 25,893,146 40,059,968
Oil and natural gas properties, full-cost method:    
Evaluated 396,578,208 347,541,801
Unproved and unevaluated 37,447,299 42,866,767
Less: accumulated depreciation, depletion and amortization (106,100,075) (87,993,495)
Oil and natural gas properties, net 327,925,432 302,415,073
Other noncurrent assets:    
Operating lease assets 502,507 548,963
Derivative assets 0 1,057,479
Total assets 354,321,085 344,081,483
Current liabilities    
Accounts payable and accrued liabilities 112,923,310 96,432,486
Corporate credit facility 54,280,301 41,500,000
Current portion of operating lease liabilities 213,466 210,157
Current portion of long-term debt, net 84,790,604 60,226,919
Accrued liability for automatic share purchase plan 0 4,670,507
Total current liabilities 252,207,681 203,040,069
Long-term debt, net 0 48,678,708
Operating lease liabilities 347,350 401,734
Asset retirement obligations 510,417 458,078
Total liabilities 253,065,448 252,578,589
Commitments and contingencies
Redeemable non-controlling interest 104,001,441 107,583,737
SHAREHOLDERS’ DEFICIENCY    
Additional paid-in capital 41,311,221 36,436,307
Accumulated deficit (69,696,480) (76,210,173)
Shareholders' equity (deficit) attributable to the Company 19,417,174 9,000,921
Non-controlling interest (22,162,978) (25,081,764)
Total Shareholders’ Deficiency (2,745,804) (16,080,843)
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND SHAREHOLDERS' DEFICIENCY 354,321,085 344,081,483
Subordinate Voting Shares [Member]    
SHAREHOLDERS’ DEFICIENCY    
Share capital 46,814,346 47,595,028
Multiple Voting Shares [Member]    
SHAREHOLDERS’ DEFICIENCY    
Share capital 859,874 1,051,546
Proportionate Voting Shares [Member]    
SHAREHOLDERS’ DEFICIENCY    
Share capital $ 128,213 $ 128,213