Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,226,478	$ 13,036,950
Note receivable	503,500
Prepaid expenses and other current assets	249,145	171,486
Deferred financing costs	1,625,233
Current assets – discontinued operations		322,655
Total current assets	4,604,356	13,531,091
Property and equipment:
Oil and natural gas properties, successful efforts method of accounting including $33,370,317 and $28,705,404 excluded from amortization at June 30, 2024 and December 31, 2023, respectively	33,370,317	28,705,404
Less: Accumulated depreciation, depletion and amortization
Total property and equipment, net	33,370,317	28,705,404
Deposits on oil and natural gas property purchases	9,382,314
Operating lease assets	356,450	155,253
Note receivable – non–current	310,493
Deferred transaction costs	209,013	108,956
Non–current assets – discontinued operations		3,182,307
Total assets	48,232,943	45,683,011
Current liabilities:
Accounts payable and accrued expenses	12,338,555	5,374,494
Operating lease liabilities – current	167,842	41,890
Total current liabilities	12,506,397	5,416,384
Long–term liabilities:
Operating lease liabilities	175,509	93,816
Total long–term liabilities	175,509	93,816
Total liabilities	12,681,906	5,510,200
Commitments and contingencies (Note 10)
Stockholders’ equity:
Common stock; $0.01 par value; 500,000,000 shares authorized and 12,564,861 and 9,826,719 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	125,649	98,267
Additional paid–in capital	131,829,643	118,927,814
Accumulated deficit	(96,404,620)	(78,853,677)
Total stockholders’ equity	35,551,037	40,172,811
Total liabilities and stockholders’ equity	48,232,943	45,683,011
Series D Preferred Stock [Member]
Stockholders’ equity:
Preferred stock value	165	206
Series E Preferred Stock [Member]
Stockholders’ equity:
Preferred stock value	$ 200	$ 200