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Condensed Interim Consolidated Statements of Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Revenues        
Oil and gas sales $ 170,989 $ 228,497 $ 384,743 $ 318,487
Royalty income 9,649 13,389 17,837 29,848
Total revenues 180,638 241,886 402,580 348,335
Operating expenses        
Lease operating expense 234,478 115,000 527,157 196,879
General and administrative 1,010,542 204,366 2,225,648 1,013,972
Depletion and depreciation 42,977 56,884 83,173 88,895
Accretion on asset retirement obligations 7,994 8,223 15,988 16,476
Foreign exchange gain (loss) 1,070 3,644 4,380 8,614
Total operating expenses (1,297,061) (388,117) (2,856,346) (1,324,836)
Loss from operations (1,116,423) (146,231) (2,453,766) (976,501)
Other income (expense)        
Interest income 2 2
Other income 6,000 12,000 12,000 12,000
Finance expense (1,180) (1,182) (24,648)
Change in fair value of warrant liability (900) (22,519) 22,434 80,031
Total other income (expense) 5,100 (11,697) 33,252 67,385
Net loss and comprehensive loss $ (1,111,323) $ (157,928) $ (2,420,514) $ (909,116)
Basic and diluted loss per common share $ (0.57) $ (0.13) $ (1.25) $ (0.79)
Weighted average number of common shares outstanding [1] 1,932,604 1,172,727 1,932,604 1,151,301
[1] The number of shares has been restated to reflect the 60:1 reverse stock split (Note 1)