Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 14,052,417	$ 14,401,257
Accounts receivable	4,296,917	5,042,134
Fair value of derivatives	1,999,802
Prepaid income taxes	1,641,501	205,711
Other current assets	433,687	244,233
Total current assets	22,424,324	19,893,335
Property and equipment:
Proved properties	130,819,256	118,851,574
Unproved properties	21,047,512	19,498,666
Accumulated depletion, depreciation, and amortization	(89,255,035)	(83,807,401)
Total oil and gas properties, net	62,611,733	54,542,839
Gathering system	41,445,225	41,040,847
Accumulated depletion, depreciation, and amortization	(29,961,690)	(28,137,573)
Total gathering system, net	11,483,535	12,903,274
Land	375,314
Buildings and other property and equipment, net	211,879
Total property and equipment, net	74,682,461	67,446,113
Other assets:
Restricted cash	561,294	558,261
Prepaid drilling costs	1,124
Total non-current assets	75,244,879	68,004,374
Total assets	97,669,203	87,897,709
Current liabilities
Accounts payable trade	2,828,495	1,762,586
Royalties payable	1,306,922	1,300,539
Accrued capital expenditures	627,356	522,437
Accrued gathering fees	373,929	300,301
Other accrued liabilities	858,188	2,156,304
Fair value of derivatives		297,023
Asset retirement obligation	1,503,978
Total current liabilities	7,498,868	6,339,190
Non-current liabilities
Asset retirement obligation	1,405,877	1,625,154
Deferred income taxes	12,401,464	9,989,278
Total non-current liabilities	13,807,341	11,614,432
Total liabilities	21,306,209	17,953,622
Commitments and contingencies (Note 10)
Shareholders' equity
Common shares, no par value, unlimited shares authorized and 26,790,985 issued and outstanding at December 31, 2019 and 27,385,133 shares issued and 27,358,180 shares outstanding at December 31, 2018.	140,808,923	143,705,441
Treasury shares, 26,953 shares issued, at December 31, 2018		(94,418)
Additional paid-in capital	7,029,488	6,519,028
Accumulated deficit	(81,285,895)	(89,983,894)
Accumulated other comprehensive income	9,810,478	9,797,930
Total shareholders' equity	76,362,994	69,944,087
Total liabilities and shareholders' equity	$ 97,669,203	$ 87,897,709