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OTHER CURRENT ASSETS AND ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

SCHEDULE OF OTHER CURRENT ASSETS

The following table presents the components of other current assets as of the dates indicated:

SCHEDULE OF OTHER CURRENT ASSETS 

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Prepaid expense		$	138			$	64
Joint interest billings receivable			332				76
Income tax receivable			50				-
Other			38				39
Total other current assets		$	558			$	179

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

The following table presents the components of accounts payable and accrued liabilities as of the dates indicated:

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 

		2022				2021
		December 31,
		2022				2021
		(in thousands)
Accounts payable-trade		$	2,566			$	891
Operating expense accruals			1,378				456
Revenue payables			3,503				37
Production taxes payable			319				37
Insurance premium financing			54				26
Other			12				-
Total accounts payable and accrued expenses		$	7,832			$	1,447

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Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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Tabular disclosure of the carrying amounts of other current assets.

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