Segmented Information (Tables)

12 Months Ended

Dec. 31, 2021

Operating Segments [Abstract]

Disclosure of operating segments

	Years Ended December 31
	2021			2020			2021			2020			2021			2020			2021			2020
($000s)	Egypt						Canada						Corporate						Total
Revenue
Oil sales		257,338			173,086			18,225			8,679			-			-			275,563			181,765
Natural gas sales		-			-			4,984			2,815			-			-			4,984			2,815
Natural gas liquids sales		-			-			8,686			4,191			-			-			8,686			4,191
Overlift		14,723			-			-			-			-			-			14,723			-
Less: royalties		(129,891	)		(71,741	)		(5,059	)		(2,355	)		-			-			(134,950	)		(74,096	)
Petroleum and natural gas sales, net of royalties		142,170			101,345			26,836			13,330			-			-			169,006			114,675
Finance revenue		-			16			-			-			9			90			9			106
Other revenue		-			-			-			-			32			641			32			641
Total segmented revenue		142,170			101,361			26,836			13,330			41			731			169,047			115,422
Segmented expenses
Production and operating		54,379			58,305			7,051			6,157			-			-			61,430			64,462
Overlift		14,723			-			-			-			-			-			14,723			-
Selling costs		3,921			2,111			-			-			-			-			3,921			2,111
General and administrative		4,574			4,781			1,019			920			14,760			6,289			20,353			11,990
Foreign exchange loss		-			-			-			-			47			24			47			24
Finance costs		797			2,159			337			343			7			18			1,141			2,520
Depletion, depreciation and amortization		17,120			22,927			7,905			7,320			409			802			25,434			31,049
Asset retirement obligation accretion		-			-			207			259			-			-			207			259
Loss (gain) on financial instruments		9,783			(6,621	)		780			-			-			-			10,563			(6,621	)
Impairment (reversal) loss		(28,170	)		69,434			(3,351	)		4,061			-			-			(31,521	)		73,495
Income tax expense		22,411			13,530			-			-			-			-			22,411			13,530
Segmented net earnings (loss)		42,632			(65,265	)		12,888			(5,730	)		(15,182	)		(6,402	)		40,338			(77,397	)
Capital expenditures
Exploration and development		14,561			5,256			12,222			2,067			-			-			26,783			7,323
Corporate		-			-			-			-			39			175			39			175
Total capital expenditures		14,561			5,256			12,222			2,067			39			175			26,822			7,498

The carrying amounts of reportable segment assets and liabilities are as follows:

	As at December 31, 2021								As at December 31, 2020
($000s)	Egypt		Canada		Corporate		Total		Egypt		Canada		Corporate		Total
Assets
Cash		27,966		2,248		7,715		37,929		25,236		1,831		7,443		34,510
Accounts receivable		7,335		4,352		530		12,217		6,594		2,821		581		9,996
Intangible exploration and evaluation assets		2,089		584		-		2,673		-		584		-		584
Property and equipment
Petroleum and natural gas assets		95,478		78,326		-		173,804		70,331		69,728		-		140,059
Other assets		1,304		20		878		2,202		1,985		11		921		2,917
Other		2,926		312		786		4,024		8,335		331		692		9,358
Deferred taxes		6,246		-		-		6,246		3,723		-		-		3,723
Total segmented assets		143,344		85,842		9,909		239,095		116,204		75,306		9,637		201,147
Liabilities
Accounts payable and accrued liabilities		18,193		4,117		3,802		26,112		14,342		2,040		3,794		20,176
Share-based compensation liabilities		-		-		10,133		10,133		-		-		2,035		2,035
Derivative commodity contracts		-		88		-		88		398		-		-		398
Long-term debt		-		3,040		-		3,040		14,897		6,567		-		21,464
Asset retirement obligation		-		14,102		-		14,102		-		13,042		-		13,042
Lease obligation		452		89		259		800		1,466		302		246		2,014
Deferred taxes		6,246		-		-		6,246		3,723		-		-		3,723
Total segmented liabilities		24,891		21,436		14,194		60,521		34,826		21,951		6,075		62,852