Unaudited Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 12,766,167	$ 6,519,793
Accounts receivable	4,515,199	5,843,722
Fair value of derivatives	889,187	0
Prepaid income taxes	0	975,963
Other current assets	965,970	792,041
Total current assets	19,136,523	14,131,519
Oil and gas properties, successful efforts method
Proved properties	200,066,005	191,879,210
Unproved properties	33,396,744	28,364,186
Accumulated depletion, depreciation, amortization and impairment	(134,181,378)	(123,281,395)
Total oil and gas properties, net	99,281,371	96,962,001
Gathering system	43,540,301	43,116,371
Accumulated depletion, depreciation, amortization and impairment	(37,271,826)	(36,449,511)
Total gathering system, net	6,268,475	6,666,860
Land	637,764	637,764
Buildings and other property and equipment, net	221,901	259,335
Total property and equipment, net	106,409,511	104,525,960
Other assets:
Operating lease right-of-use assets, long term	272,298	344,589
Restricted cash	470,000	470,000
Prepaid drilling costs	4,673	982,717
Total non-current assets	107,156,482	106,323,266
Total assets	126,293,005	120,454,785
Current liabilities
Accounts payable trade	2,963,805	2,334,732
Gathering fees payable	978,890	997,016
Royalties payable	1,481,520	1,400,976
Income taxes payable	1,556,724	0
Accrued capital expenditures	1,605,705	572,079
Accrued compensation	726,213	695,018
Other accrued liabilities	490,970	371,503
Fair value of derivatives	0	487,548
Operating lease liabilities	120,799	121,135
Total current liabilities	9,924,626	6,980,007
Non-current liabilities
Asset retirement obligations	3,822,030	3,652,296
Deferred income taxes	12,062,053	12,738,577
Operating lease liabilities, long term	266,263	355,776
Total non-current liabilities	16,150,346	16,746,649
Total liabilities	26,074,972	23,726,656
Commitments and contingencies (Note 11)
Shareholders' equity
Preferred shares, no par value, unlimited shares authorized, none issued or outstanding	0	0
Common shares, no par value, unlimited shares authorized and 22,058,574 shares issued and outstanding at September 30, 2025 and 22,008,766 issued and outstanding at December 31, 2024	116,081,031	116,081,031
Additional paid-in capital	13,267,196	12,118,907
Accumulated deficit	(38,995,173)	(41,505,076)
Accumulated other comprehensive income	9,864,979	10,033,267
Total shareholders' equity	100,218,033	96,728,129
Total liabilities and shareholders' equity	$ 126,293,005	$ 120,454,785