v3.26.3
Note 3 - Oil and Gas Properties (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Oil and Gas, Cost Incurred, Property Acquisition, Exploration, and Development [Table Text Block]

​

​

March 31,

​

​

December 31,

​

​

​

2026

​

​

2025

​

Leasehold cost

​

$

75,874,553

​

​

$

75,874,552

​

Intangibles

​

​

10,739,528

​

​

​

9,542,668

​

Lease and well equipment

​

​

4,143,157

​

​

​

3,947,471

​

Capitalized asset retirement obligation

​

​

1,078,670

​

​

​

1,078,670

​

Total oil and gas properties, successful efforts method

​

​

91,835,908

​

​

​

90,443,361

​

Accumulated depletion

​

​

(6,742,541

)

​

​

(4,951,565

)

Oil and gas properties, net

​

$

85,093,367

​

​

$

85,491,796

​