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SEGMENT INFORMATION (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Revenues:        
Revenue before interest income $ 5,216,000 $ 6,678,000 $ 12,698,000 $ 12,131,000
Interest income 23,000 1,000 52,000 2,000
Total revenues 5,239,000 6,679,000 12,750,000 12,133,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 761,000 618,000 1,601,000 1,101,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 787,000 3,016,000 3,679,000 5,090,000
Equity in income of affiliates:        
Equity in income of affiliates 0 1,760,000 538,000 2,967,000
General and administrative expenses (2,050,000) (2,241,000) (4,299,000) (4,071,000)
Foreign currency gain 2,000 0 80,000 0
Interest income 23,000 1,000 52,000 2,000
(Loss) earnings before income taxes (1,238,000) 2,536,000 50,000 3,988,000
Intersegment eliminations        
Revenues:        
Total revenues     0  
Oil and natural gas        
Revenues:        
Revenue before interest income 3,686,000 5,133,000 8,912,000 9,053,000
Total revenues 3,686,000 5,133,000 8,912,000 9,053,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 718,000 577,000 1,514,000 1,013,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 701,000 2,430,000 2,687,000 3,998,000
Contract drilling        
Revenues:        
Revenue before interest income 1,501,000 818,000 3,449,000 1,694,000
Total revenues 1,501,000 818,000 3,449,000 1,694,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 43,000 41,000 86,000 88,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 57,000 (141,000) 105,000 (292,000)
Land investment        
Revenues:        
Revenue before interest income 0 695,000 265,000 1,295,000
Total revenues 0 695,000 265,000 1,295,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 0 695,000 265,000 1,295,000
Other        
Revenues:        
Revenue before interest income 29,000 32,000 72,000 89,000
Total revenues 52,000 33,000 124,000 91,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 0 0 1,000 0
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 29,000 32,000 71,000 89,000
Gain on sale of asset        
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) $ 0 $ 0 $ 551,000 $ 0