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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 157,695 $ 0
Accounts Receivable 1,251,634 982,814
Inventory 531,309 476,305
Prepaids 281,895 247,718
Total Current Assets 2,222,533 1,706,837
Property and equipment:    
Oil and Natural Gas Properties, Successful Efforts 22,711,445 12,660,457
Less: Accumulated Depreciation, Depletion and Impairment (15,148,444) (3,365,340)
Oil and Natural Gas Properties, Successful Efforts, Net 7,563,001 9,295,117
Other Property and Equipment, net of $33,159 and $1,830 Accumulated Depreciation in 2020 and 2019, respectively 662,017 12,626
Total Property and Equipment, net 8,225,018 9,307,743
Utility and Other Deposits 802,050 0
Total Assets 11,249,601 11,014,580
Current Liabilities:    
Accounts Payable 1,937,743 1,025,585
Accrued Expenses 2,697,831 1,103,916
Unrealized Loss on Derivative Instruments 5,749 11,861
Contingent Payment (see Note 4) 40,000 0
Current Portion of Lease Liability 89,769 0
Current Portion of Long-term Notes Payable 1,301,618 96,704
Total Current Liabilities 6,072,710 2,238,066
Long Term Portion of Unrealized Loss on Derivative Instruments 0 211,771
Long-Term Notes Payable 7,719,703 7,715,118
Long Term Lease Liability 534,009 0
Asset Retirement Obligations 15,364,217 5,788,280
Total Liabilities 29,690,639 15,953,235
Stockholders' Equity (Deficit):    
Common Stock - $.001 Par Value 150,000,000 Shares Authorized, 24,892,277 and 20,367,277 Shares Issued and Outstanding, Respectively 24,892 20,367
Additional Paid-in Capital 22,152,451 18,823,926
Accumulated Deficit (40,618,381) (23,782,948)
Total Stockholders' Equity (Deficit) (18,441,038) (4,938,655)
Total Liabilities and Stockholders' Equity (Deficit) $ 11,249,601 $ 11,014,580