| Schedule of oil and gas activities |
The following table summarizes the Company’s
oil and gas activities by classification and geographical cost center for the nine months ended September 30, 2017:
| |
|
December 31,
2016
|
|
|
Additions |
|
|
Impairments |
|
|
September 30,
2017
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Proved developed producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
| Canada cost center |
|
$ |
34,733 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
34,733 |
|
| United States cost center |
|
|
1,787,840 |
|
|
|
565,048 |
|
|
|
- |
|
|
|
2,352,888 |
|
| Accumulated depreciation, depletion and amortization |
|
|
(57,200 |
) |
|
|
(75,496 |
) |
|
|
- |
|
|
|
(132,696 |
) |
| Proved developed producing oil and gas properties, net |
|
$ |
1,765,373 |
|
|
$ |
489,552 |
|
|
$ |
- |
|
|
$ |
2,254,925 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Undeveloped and non-producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Canada cost center |
|
$ |
371,481 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
371,481 |
|
| United States cost center |
|
|
917,184 |
|
|
|
- |
|
|
|
- |
|
|
|
917,184 |
|
| Accumulated depreciation, depletion and amortization |
|
|
(51,176 |
) |
|
|
(71,106 |
) |
|
|
- |
|
|
|
(122,282 |
) |
| Undeveloped and non-producing oil and gas properties, net |
|
$ |
1,237,489 |
|
|
$ |
(71,106 |
) |
|
$ |
- |
|
|
$ |
1,166,383 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Oil and Gas Properties, Net |
|
$ |
3,002,862 |
|
|
$ |
418,446 |
|
|
$ |
- |
|
|
$ |
3,421,308 |
|
The following table summarizes the Company’s
oil and gas activities by classification for the year ended December 31, 2016:
| |
|
December 31,
2015
|
|
|
Additions |
|
|
Impairments |
|
|
December 31,
2016
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Proved developed producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
| Canada cost center |
|
$ |
33,082 |
|
|
$ |
1,651 |
|
|
$ |
- |
|
|
$ |
34,733 |
|
| United States cost center |
|
|
- |
|
|
|
2,838,943 |
|
|
|
(1,051,103 |
) |
|
|
1,787,840 |
|
| Accumulated depreciation, depletion and amortization |
|
|
(2,093 |
) |
|
|
(55,107 |
) |
|
|
- |
|
|
|
(57,200 |
) |
| Proved developed producing oil and gas properties, net |
|
$ |
30,989 |
|
|
$ |
2,785,487 |
|
|
$ |
(1,051,103 |
) |
|
$ |
1,765,373 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Undeveloped and non-producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Canada cost center |
|
$ |
518,269 |
|
|
$ |
(1,652 |
) |
|
$ |
(145,136 |
) |
|
$ |
371,481 |
|
| United States cost center |
|
|
- |
|
|
|
1,456,414 |
|
|
|
(539,230 |
) |
|
|
917,184 |
|
| Accumulated depreciation, depletion and amortization |
|
|
(32,788 |
) |
|
|
(43,464 |
) |
|
|
25,076 |
|
|
|
(51,176 |
) |
| Undeveloped and non-producing oil and gas properties, net |
|
$ |
485,481 |
|
|
$ |
1,411,298 |
|
|
$ |
(659,290 |
) |
|
$ |
1,237,489 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Oil and Gas Properties, Net |
|
$ |
516,470 |
|
|
$ |
2,092,625 |
|
|
$ |
(1,710,393 |
) |
|
$ |
3,002,862 |
|
|