Quarterly report pursuant to Section 13 or 15(d)

Going Concern (Details Narrative)

v3.23.1
Going Concern (Details Narrative) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Going Concern        
Net loss $ (1,632,327) $ (3,643,064)    
Accretion of asset retirement obligation 31,382 35,066    
Depreciation, depletion and amortization 231,148      
Amortization of debt discount 53,732 92,522    
Loss on sale of oil and gas asset (154,763)      
Stockholders' equity 13,795,534 28,582,925 $ 15,365,315 $ 18,028,229
Long term debt 421,571      
Working capital deficiency (9,318,767)      
Due to Camber Energy, Inc. 6,077,300   $ 6,572,300  
Change in fair value of derivatives (534,607) $ 0    
Drawings against bank credit facility $ 3,429,485