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SEGMENT INFORMATION (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenues:        
Revenue before interest income $ 5,756,000 $ 5,216,000 $ 11,896,000 $ 12,698,000
Interest income 18,000 23,000 33,000 52,000
Total revenues 5,774,000 5,239,000 11,929,000 12,750,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 1,392,000 761,000 2,903,000 1,601,000
Asset Impairment Charges        
Impairment of assets 1,677,000 0 1,677,000 0
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) (1,030,000) 787,000 (361,000) 3,679,000
Equity in income of affiliates:        
Equity in income of affiliates 1,071,000 0 1,071,000 538,000
General and administrative expenses (1,381,000) (2,050,000) (2,785,000) (4,299,000)
Foreign currency (loss) gain (128,000) 2,000 (2,000) 80,000
Interest expense 0 0 (2,000) 0
Interest income 18,000 23,000 33,000 52,000
(Loss) earnings before income taxes (1,450,000) (1,238,000) (2,046,000) 50,000
Intersegment eliminations | External Customer        
Revenues:        
Total revenues     0  
Oil and natural gas        
Revenues:        
Revenue before interest income 4,144,000 3,686,000 9,274,000 8,912,000
Total revenues 4,144,000 3,686,000 9,274,000 8,912,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 1,342,000 718,000 2,800,000 1,514,000
Asset Impairment Charges        
Impairment of assets 1,677,000 0 1,677,000 0
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) (1,205,000) 701,000 (324,000) 2,687,000
Contract drilling        
Revenues:        
Revenue before interest income 1,070,000 1,501,000 2,063,000 3,449,000
Total revenues 1,070,000 1,501,000 2,063,000 3,449,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 50,000 43,000 102,000 86,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) (367,000) 57,000 (595,000) 105,000
Land investment        
Revenues:        
Revenue before interest income 500,000 0 500,000 265,000
Total revenues 500,000 0 500,000 265,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 500,000 0 500,000 265,000
Other        
Revenues:        
Revenue before interest income 42,000 29,000 59,000 72,000
Total revenues 60,000 52,000 92,000 124,000
Depletion, depreciation, and amortization:        
Depletion, depreciation, and amortization 0 0 1,000 1,000
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) 42,000 29,000 58,000 71,000
Gain on sale of asset        
Operating profit (loss) (before general and administrative expenses):        
Operating profit (loss) (before general and administrative expenses) $ 0 $ 0 $ 0 $ 551,000