Quarterly report pursuant to Section 13 or 15(d)

Business Acquisition (Tables)

v3.20.2
Business Acquisition (Tables)
6 Months Ended
Jun. 30, 2020
Business Acquisition  
Schedule of cash consideration

 

Provisional Fair Value of Assets and Liabilities

 

 

 

 

 

 

 

Oil and Gas Properties

 

$

31,010,684

 

Asset retirement obligations assumed

 

 

(1,514,328

)

 

 

 

 

 

 

 

$

29,496,356

 

Summary of Proforma unaudited condensed selected financial data as through acquisition

 

 

Three Months

Ended

June 30,

2019

 

 

Six Months

Ended

June 30,

2019

 

 

 

 

 

 

Revenues

 

$

15,613,974

 

 

$

28,200,088

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

3,742,608

 

 

$

(8,865,491

)

 

 

 

 

 

 

 

 

 

Net loss per share

 

$

0.04

 

 

$

(0.10

)