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COMMITMENTS AND CONTINGENCIES (Details Narrative)
9 Months Ended
Sep. 30, 2023
USD ($)
ft²
Commitments and contingencies  
Weighted-average discount rate 7.90%
Expiry of lease date Feb. 28, 2027
Office space | ft² 5,200
Expiry of lease of office space Aug. 31, 2023
Rent expenses | $ $ 10,000
Weighted-average remaining lease term 3 years 4 months 24 days
Description of lease hold commitments In the Permian Basin Asset, 32 acres are due to expire during the remainder of 2023 and 40 net acres expire thereafter (net to our direct ownership interest only)
Description of lease payments The base monthly rent will be approximately $9,200 for the first 18 months and increase to approximately $9,500 thereafter. The Company paid both a security deposit and prepaid rent for $14,700, respectively