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Consolidated Balance Sheets - Nickel Road Operating LLC [Member] - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 2,597,806 $ 336,115
Joint interest receivable 250,545 897,804
Accrued oil and gas sales 3,246,193 5,658,034
Derivative asset 270,925
Prepaid expenses 675,033 426,404
Total current assets 6,769,577 7,589,282
OIL AND GAS PROPERTIES, at cost (successful efforts method)    
Proved properties 110,199,820 137,855,719
Unproved properties 1,545,199 1,690,690
Accumulated depletion (51,685,812) (41,010,449)
Total oil and gas properties 60,059,207 98,535,960
OTHER NON-CURRENT ASSETS    
Right-of-use asset, net 182,526 325,933
Total other non-current assets 182,526 325,933
TOTAL ASSETS 67,011,310 106,451,175
CURRENT LIABILITIES    
Accounts payable 177,540 1,801,926
Accrued liabilities 9,327,919 12,178,821
Due to related party 140,831 114,346
Current maturities of long-term debt, net of deferred financing costs 3,800,000
Short-term lease liability 182,525 192,384
Total current liabilities 9,828,815 18,087,477
NON-CURRENT LIABILITIES    
Long-term debt, net of current portion and deferred financing costs 16,660,116
Long-term lease liability 133,550
Asset retirement obligations 1,397,777 1,347,493
Total non-current liabilities 1,397,777 18,141,159
Total liabilities 11,226,592 36,228,636
COMMITMENTS AND CONTINGENCIES (Note 7)
MEMBERS’ CAPITAL    
Contributed capital 64,025,830 64,025,830
Distributed capital (64,300,000) (64,300,000)
Retained earnings 56,058,888 70,496,709
Total members’ capital 55,784,718 70,222,539
TOTAL LIABILITIES AND MEMBERS’ CAPITAL $ 67,011,310 $ 106,451,175