| 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 six
months ended June 30, 2017:
| |
|
December
31, |
|
|
|
|
|
|
|
|
June
30, |
|
| |
|
2016 |
|
|
Additions |
|
|
Impairments |
|
|
2017 |
|
| Proved
developed producing oil and gas properties |
|
|
|
|
|
|
|
|
|
|
|
|
| Canada
cost center |
|
$ |
34,733 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
34,733 |
|
| United
States cost center |
|
|
1,787,840 |
|
|
|
- |
|
|
|
- |
|
|
|
1,787,840 |
|
| Accumulated
depreciation, depletion and amortization |
|
|
(57,200 |
) |
|
|
(47,699 |
) |
|
|
- |
|
|
|
(104,899 |
) |
| Proved
developed producing oil and gas properties, net |
|
$ |
1,765,373 |
|
|
$ |
(47,699 |
) |
|
$ |
- |
|
|
$ |
1,717,674 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
) |
|
|
(39,192 |
) |
|
|
- |
|
|
|
(90,368 |
) |
| Undeveloped
and non-producing oil and gas properties, net |
|
$ |
1,237,489 |
|
|
$ |
(39,192 |
) |
|
$ |
- |
|
|
$ |
1,198,297 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Oil and Gas Properties, Net |
|
$ |
3,002,862 |
|
|
$ |
(86,891 |
) |
|
$ |
- |
|
|
$ |
2,915,971 |
|
The
following table summarizes the Company’s oil and gas activities by classification for the year ended December 31, 2016:
| |
|
December
31, |
|
|
|
|
|
|
|
|
December
31, |
|
| |
|
2015 |
|
|
Adjustments |
|
|
Impairments |
|
|
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 |
|
|
$ |
(1051103 |
) |
|
$ |
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 |
|
|