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Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenues        
Oil and gas sales $ 27,815 $ 170,989 $ 75,466 $ 384,743
Royalty income 3,055 9,649 8,519 17,837
Total revenues 30,870 180,638 83,985 402,580
Operating expenses        
Lease operating expense 63,449 234,478 154,884 527,157
General and administrative 361,219 1,010,542 1,044,902 2,225,648
Depletion and depreciation 17,976 42,977 39,954 83,173
Accretion on asset retirement obligations 9,198 7,994 18,396 15,988
Total operating expenses (451,842) (1,295,991) (1,258,136) (2,851,966)
Loss from operations (420,972) (1,115,353) (1,174,151) (2,449,386)
Other income (expense)        
Interest income
Other income 2,000 6,000 8,000 12,000
Foreign exchange gain (loss) 3,617 (1,070) (59) (4,380)
Finance expense (1,026) (1,182)
Change in fair value of warrant liability (900) 22,434
Total other income (expense) 5,617 4,030 6,915 28,872
Net loss and comprehensive loss $ (415,355) $ (1,111,323) $ (1,167,236) $ (2,420,514)
Basic loss per common share $ (0.75) $ (2.30) $ (2.12) $ (5.01)
Diluted loss per common share $ (0.75) $ (2.30) $ (2.12) $ (5.01)
Weighted average number of common shares outstanding - Basic [1] 551,503 483,150 551,503 483,150
Weighted average number of common shares outstanding - Diluted [1] 551,503 483,150 551,503 483,150
[1] The number of shares has been restated to reflect the 4:1 reverse stock split effective on October 23, 2023 (Note 1). All historical share and per share amounts reflected in this report have been adjusted to reflect the reverse stock split (Note 1).