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COMMITMENTS AND CONTINGENCIES (Details Narrative)
3 Months Ended
Mar. 31, 2023
USD ($)
COMMITMENTS AND CONTINGENCIES  
Expiry of lease date Feb. 28, 2027
Security deposit and prepaid rent $ 14,700
Base monthly rent 9,200
Base monthly rent increased amount 9,500
Rent expenses $ 10,000
Weighted-average remaining lease term 4 months 24 days
Description of lease hold commitments In the Permian Basin Asset, 61 acres are due to expire during the remainder of 2023 and 40 net acres expire thereafter (net to our direct ownership interest only).
Weighted-average discount rate 5.35%