v3.26.1
ASSET RETIREMENT OBLIGATION (Tables)
12 Months Ended
Dec. 31, 2025
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Change in Asset Retirement Obligation [Table Text Block]

There were no changes in estimates for the years ended December 31, 2025 and 2024.

 

   2025   2024 
Asset retirement obligation        
Beginning of the year  $5,078,595   $4,826,847 
Liabilities incurred during the period   112,417    865 
Settlements   (78,839)   (151,856)
Changes in Working Interest   26,085    (4,716)
Changes in estimates   (67,707)   405,440 
Accretion expense   7,300    2,015 
End of year  $5,077,852   $5,078,595