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Condensed Interim Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Oil and gas sales $ 123,215 $ 47,651 $ 100,220 $ 665,623
Royalty income 3,566 5,464 15,813 23,204
Total revenues 126,781 53,115 116,033 688,827
Operating expenses        
Lease operating expense 428,268 91,435 196,428 879,471
General and administrative 1,274,526 683,683 2,718,975 3,536,118
Depletion and depreciation 55,719 21,978 82,215 154,834
Accretion on asset retirement obligations 14,971 9,198 36,792 31,976
Loss on settlement of asset retirement obligations     66,067
Gain on settlement of trade payables (197,207)    
Loss on settlement of lease liability     38,825
Write-off of property and equipment     62,046
Total operating expenses (1,576,277) (806,294) (3,135,281) (4,668,466)
Loss from operations (1,449,496) (753,179) (3,019,248) (3,979,639)
Other income (expense)        
Interest income     108
Other income 6,000 8,000 24,000
Foreign exchange gain (loss) 22,105 (3,676) 133 (3,671)
Change in fair value of warrant liability     22,570
Gain on settlement of warrant liability     930
Interest expense (295,981) (1,026) (483,110) (4,259)
Loss on debt extinguishment (105,349) (495,051)
Total other income (expense) (379,225) 1,298 (970,028) 39,678
Net loss and comprehensive loss (1,828,721) (751,881) (3,989,276) (3,939,961)
Deemed dividend arising from warrant modification     (543,234)
Net loss attributable to common stockholders $ (1,828,721) $ (751,881) $ (3,989,276) $ (4,483,195)
Basic loss and comprehensive loss per common share $ (3.32) $ (1.36) $ (7.23) $ (8.81)
Diluted loss and comprehensive loss per common share $ (3.32) $ (1.36) $ (7.23) $ (8.81)
Weighted average number of common shares outstanding - Basic 551,503 551,503 551,503 [1] 508,813 [1]
Weighted average number of common shares outstanding - Diluted 551,503 551,503 551,503 [1] 508,813 [1]
[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.