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Property (Tables)

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Aggregate capitalized costs of oil and natural gas properties are as follows:

Aggregate capitalized costs of oil and natural gas properties are as follows:

		September 30, 2024				December 31, 2023
Proved properties		$	129,301,577			$	75,346,623
Unproved properties			3,708,866				3,245,431
Work in process			3,380,612				14,917,749
Gross capitalized costs			136,391,055				93,509,803
Depreciation, depletion, amortization and impairment			(29,561,539	)			(22,996,805	)
Total oil and gas properties, net		$	106,829,516			$	70,512,998

Schedule of other property plant and equipment

Schedule of other property plant and equipment

		September 30, 2024				December 31, 2023
Other property and equipment, at cost		$	3,137,500			$	2,998,018
Less: Accumulated depreciation			(1,701,009	)			(1,114,807	)
Other property and equipment, net		$	1,436,491			$	1,883,211

X

- Definition

Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Form 20-F
-Number Part II
-Section Item 18
-Subparagraph (Instruction 2)
-Publisher SEC

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 932
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X

- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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