Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net loss	$ (14,695,711)	$ (27,983,342)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:
Change in fair value of derivative liability	0	16,401,270
Stock based compensation	1,614,334	470,598
Depreciation, depletion and amortization	1,326,661	6,844,553
Amortization of operational right-of-use assets	16,443	(113)
Accretion - asset retirement obligation	107,869	438,225
Amortization of debt discount	97,296	3,406,654
Loss on debt settlement	0	2,774,341
Net loss on sale of oil & gas and fixed assets	8,944,680	0
PPP loan forgiveness	0	(149,600)
Equity in earnings of unconsolidated entity	0	(47,772)
Changes in operating assets and liabilities
Accounts receivable	3,506,863	(3,657,592)
Prepaids and other current assets	297,915	0
Inventory	(2,947,729)	0
Accounts payable	(4,723,140)	3,015,379
Accrued expenses and other current liabilities	(1,051,080)	(313,058)
Related party payables	143,631	0
Customer deposits	3,776,570	0
Undistributed revenues and royalties	1,476,856	1,721,496
Net cash provided by (used in) operating activities	(2,108,542)	2,921,039
Cash flows from investing activities:
Proceeds from sale of oil and gas properties	3,590,000	906,613
Investment in and acquisition of oil and gas properties	(9,813)	(1,709,253)
Proceeds from sale of fixed assets	76,310	0
Acquisition of fixed assets	(46,554)	0
Payments for ESG Clean Energy licence	0	(1,500,000)
Investment in consolidated entity	0	(7,958,159)
Collection of notes receivable	3,000,000	0
Net cash provided by (used in) investing activities	6,609,943	(10,260,799)
Cash flows from financing activities:
Proceeds from long-term debt	0	510,000
Repayment of long-term debt	(8,477,664)	(5,333,066)
Proceeds from sale of stock to Camber Energy Inc.	0	11,000,000
Proceeds from non-interest-bearing advances from Camber	2,722,300	0
Advances from bank credit facility	2,995,017	0
Repayment of amount due to director	0	(60,843)
Net cash provided by (used in) financing activities	(2,760,347)	6,116,091
Effect of exchange rates on cash	(306,835)	0
Net increase (decrease) in cash	1,434,219	(1,223,669)
Cash, beginning of period	3,467,938	7,839,539
Cash, end of period	4,902,157	6,615,870
Cash paid for:
Interest	494,862	9,755,850
Income taxes	0	0
Supplemental disclosure of Non-Cash Investing and Financing Activities:
Equity in earnings of unconsolidated entity	0	47,772
Amortization of right-of-use asset and lease liability	948,870	36,872
Issuance of shares for purchase of VIE interests	2,250,000	0
Issuance of preferred shares for purchase of VIE interest	4,750,000	0
Contingent obligation associated with acquisition of VIE interests	1,435,757
Issuance of shares for services	0	388,662
Issuance of warrants for services	778,204	29,881
Issuance of shares in debt conversion	0	3,800,164
Issuance of shares as discount on debt	0	141,321
Issuance of shares for prepaid services	0	1,187,500
PPP loan forgiveness1	0	149,600
Issuance of shares to parent for reduction of debt and accrued expenses	$ 0	$ 18,900,000