v3.26.1
Business Combination - Preliminary purchase price allocation (Details) - Peak Exploration and Production LLC - USD ($)
Nov. 19, 2025
Nov. 14, 2025
Consideration:    
Share consideration issued to sellers November 14, 2025   $ 27,555,222
Fair value of contingent share consideration   10,637,872
Debt repayment   50,335,666
Total consideration transferred   $ 88,528,760
Share consideration issued   5,681,489
Fair value of assets acquired:    
Cash   $ 580,820
Oil and gas receivable   5,962,465
Joint interest billing receivable   2,717,522
Prepaid and other assets   1,045,265
Proved oil and gas properties   47,870,041
Unproved oil and gas properties   59,014,000
Land and buildings   3,664,201
Other non-current assets   1,130,472
Amount attributable to assets acquired   121,984,786
Fair value of liabilities assumed:    
Account payable   7,745,885
Revenue and production taxes payable   7,533,581
Ad valorem taxes payable - current   1,830,419
ROU liability - current   150,577
Asset retirement obligations   3,815,948
Ad valorem taxes payable - long term   8,283,967
Seller costs   3,966,408
ROU liability - long term   129,241
Amount attributable to liabilities assumed   33,456,026
Net assets acquired   $ 88,528,760
Contingent share consideration issued 2,234,847  
Contingent consideration settled $ 10,600,000