XML 13 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]    
Revenue $ 1,057,138 $ 1,021,698
Operating costs and expenses:    
Lease operating expenses 1,144,889 1,059,269
Depreciation, depletion and amortization 282,948 287,760
General and administrative expenses 2,562,531 3,512,887
Total operating costs and expenses 3,990,368 4,859,916
Loss from operations (2,933,230) (3,838,218)
Other income (expense):    
Exchange (loss) gain (33,462) 99,441
Other income , net 34,479 175,639
Total other income, net 1,017 275,080
Loss before income tax (2,932,213) (3,563,138)
Income tax provision (0) (0)
Net loss $ (2,932,213) $ (3,563,138)
Loss per ordinary share attributable to the Company    
-Basic and diluted $ (0.39) $ (0.48)
Weighted average number of ordinary shares outstanding    
Basic and diluted 7,433,673 7,382,246