Unaudited Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 17,851,587	$ 13,270,913
Accounts receivable	3,462,548	3,917,288
Fair value of derivatives	401,141
Prepaid income taxes		89,285
Other current assets	339,209	500,583
Total current assets	22,054,485	17,778,069
Oil and gas properties, successful efforts method
Proved properties	134,831,162	133,902,723
Unproved properties	21,510,765	21,552,063
Accumulated depletion, depreciation, amortization and impairment	(99,469,225)	(98,200,111)
Total oil and gas properties, net	56,872,702	57,254,675
Gathering system	42,215,928	42,202,644
Accumulated depletion, depreciation, amortization and impairment	(32,480,738)	(32,101,624)
Total gathering system, net	9,735,190	10,101,020
Land	637,764	637,764
Buildings and other property and equipment, net	335,455	338,419
Total property and equipment, net	67,581,111	68,331,878
Other assets:
Restricted cash	566,540	565,858
Prepaid drilling costs	223	379
Total non-current assets	68,147,874	68,898,115
Total assets	90,202,359	86,676,184
Current liabilities
Accounts payable trade	725,168	1,195,479
Gathering fees payable	780,096	909,768
Royalties payable	1,414,126	1,155,698
Income taxes payable	247,513
Accrued capital expenditures	724,714	139,766
Other accrued liabilities	786,130	1,002,935
Asset retirement obligations	108,258	106,734
Total current liabilities	4,786,005	4,510,380
Non-current liabilities
Asset retirement obligations	3,042,871	3,043,509
Deferred income taxes	10,908,211	10,102,852
Total non-current liabilities	13,951,082	13,146,361
Total liabilities	18,737,087	17,656,741
Commitments and contingencies (Note 9)
Shareholders' equity
Common shares, no par value, unlimited shares authorized and 23,985,799 issued and 23,862,599 outstanding at March 31, 2021 and 23,985,799 shares issued and outstanding at December 31, 2020.	131,730,401	131,730,401
Treasury shares, 123,200 at March 31, 2021	(492,479)
Additional paid-in capital	8,081,618	7,879,119
Accumulated deficit	(77,675,157)	(80,410,724)
Accumulated other comprehensive income	9,820,889	9,820,647
Total shareholders' equity	71,465,272	69,019,443
Total liabilities and shareholders' equity	$ 90,202,359	$ 86,676,184