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ASSET RETIREMENT OBLIGATION (Tables)
12 Months Ended
Dec. 31, 2023
ASSET RETIREMENT OBLIGATION  
Schedule of asset retirement obligation

 

 

Year ended December 31, 

 

 

 

2023

 

 

2022

 

Asset retirement obligation, beginning of period

 

$224,511

 

 

$191,149

 

Revisions to estimate of retirement obligations

 

 

1,075,061

 

 

 

15,596

 

Accretion expense

 

 

13,471

 

 

 

17,766

 

Changes in asset retirement obligation estimates

 

 

324,984

 

 

 

-

 

Asset retirement obligation, end of period

 

$1,638,027

 

 

$224,511