Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income	$ 2,735,567	$ 310,299
Adjustments to reconcile net income to net cash provided by operating activities:
Depletion, depreciation, amortization, and accretion	1,682,860	2,414,376
Impairment of proved properties	0	1,760,000
Gain on derivative contracts	(465,341)	(1,721,018)
Cash received from settlements of derivative contracts	64,200	1,345,942
Settlement of asset retirement obligation	(3,483)
Stock-based compensation expense	202,499	173,919
Deferred income tax expense (benefit)	805,359	(69,478)
Changes in assets and liabilities:
Accounts receivable	454,740	530,156
Prepaid income taxes and other current assets	161,374	478,540
Accounts payable, royalties payable and other accrued liabilities	(349,705)	(9,215)
Income taxes payable	336,798
Net cash provided by operating activities	5,624,868	5,213,521
Cash flows from investing activities:
Additions to unproved oil and gas properties	(23,702)	(61,978)
Additions to proved oil and gas properties	(481,021)	(2,045,439)
Additions to gathering system properties	(40,963)	(101,473)
Additions to land, buildings and property and equipment	(5,745)	(145,640)
Prepaid drilling costs	156	244
Net cash used in investing activities	(551,275)	(2,354,286)
Cash flows from financing activities:
Buyback of common shares	(492,479)	(1,499,586)
Net cash used in financing activities	(492,479)	(1,499,586)
Effect of currency rates on cash, cash equivalents and restricted cash	242	(114)
Increase in cash, cash equivalents and restricted cash	4,581,356	1,359,535
Cash, cash equivalents and restricted cash, beginning of period	13,836,771	14,613,711
Cash, cash equivalents and restricted cash, end of period	18,418,127	15,973,246
Supplemental cash flow disclosures:
Interest paid	29,562	28,006
Non-cash investing activities:
Change In Unproved Properties Accrued In Accounts Payable And Accrued Liabilities	(65,000)
Change in proved properties accrued in accounts payable and accrued liabilities	468,972	(903,544)
Change in gathering system accrued in accounts payable and accrued liabilities	(27,679)	(21,026)
Asset retirement obligation asset additions and adjustments	$ (21,554)	$ 3,937