Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 40,254,729	$ 26,497,305
Accounts receivable	10,069,516	4,596,931
Fair value of derivatives	32,326	0
Other current assets	775,587	569,870
Total current assets	51,132,158	31,664,106
Oil and gas properties, successful efforts method
Proved properties	147,196,218	138,032,413
Unproved properties	18,085,385	21,700,926
Accumulated depletion, depreciation, amortization and impairment	(106,457,257)	(102,480,972)
Total oil and gas properties, net	58,824,346	57,252,367
Gathering system	42,617,954	42,475,086
Accumulated depletion, depreciation, amortization and impairment	(34,262,838)	(33,443,949)
Total gathering system, net	8,355,116	9,031,137
Land	637,764	637,764
Buildings and other property and equipment, net	295,446	309,102
Total property and equipment, net	68,112,672	67,230,370
Other assets:
Lease right-of-use-asset	0
Restricted cash	569,883	568,118
Total non-current assets	68,682,555	67,798,488
Total assets	119,814,713	99,462,594
Current liabilities
Accounts payable trade	2,203,443	1,189,905
Gathering fees payable	1,020,921	963,546
Royalties payable	2,827,880	1,853,508
Income taxes payable	3,119,671	1,098,425
Accrued capital expenditures	398,026	1,016,830
Other accrued liabilities	1,001,792	1,098,127
Fair value of derivatives	0	239,824
Asset retirement obligations	0	85,207
Total current liabilities	10,571,733	7,545,372
Non-current liabilities
Asset retirement obligations	2,758,831	2,748,449
Deferred income taxes	10,345,297	9,905,440
Total non-current liabilities	13,104,128	12,653,889
Total liabilities	23,675,861	20,199,261
Commitments and contingencies (Note 9)
Shareholders' equity
Common shares, no par value, unlimited shares authorized and 23,571,108 issued and 23,011,608 outstanding at September 30, 2022 and 24,202,218 issued and 23,668,203 shares outstanding at December 31, 2021	127,231,845	131,815,739
Treasury shares, 559,500 at September 30, 2022 and 534,015 at December 31, 2021	(3,326,880)	(2,423,007)
Additional paid-in capital	9,672,152	8,835,203
Accumulated deficit	(47,208,598)	(68,783,207)
Accumulated other comprehensive income	9,770,333	9,818,605
Total shareholders' equity	96,138,852	79,263,333
Total liabilities and shareholders' equity	$ 119,814,713	$ 99,462,594