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Liquidity | 12 Months Ended
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Dec. 31, 2020
Liquidity [Abstract] |
Liquidity | 7. Liquidity ﻿ On February 25, 2021, the stockholders of the Company approved an Agreement and Plan of Merger which provided for the merger of the Company with Riley Exploration – Permian, LLC (“Riley”). This merger was successfully completed on February 26, 2021. During 2021, the Company believes as a result of this merger its revenues as well as cash on hand will be sufficient to fund operating costs and general and administrative expenses and to remain in compliance with its bank covenants. If revenues and cash on hand are not sufficient to fund these expenses or if the Company needs additional funds for capital spending, the Company may be able to borrow funds against the credit facility in place with Riley at the time of the merger. In addition, if required, the Company could also issue additional shares of stock and/or sell assets as needed to further fund operations.

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