OIL AND NATURAL GAS PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment, net [Table Text Block]

December 31,		2022			2021
Oil and natural gas properties:
Evaluated (subject to depletion)	$	347,541,801		$	110,155,103
Unproved and unevaluated (not subject to depletion)		42,866,767			24,987,312
Total oil and gas properties		390,408,568			135,142,415
Accumulated depreciation, depletion, and amortization		(87,993,495	)		(25,911,025	)
Oil and gas properties, net	$	302,415,073		$	109,231,390

Schedule of unproved and unevaluated property costs [Table Text Block]

Description		2022		2021		2020		2019 and prior		Total
Costs incurred for:
Property acquisition	$	2,244,517	$	4,300,745	$	-	$	1,243,615	$	7,788,877
Exploration		1,635,842		1,222,509		-		-		2,858,351
Development		32,219,539		-		-		-		32,219,539
Total unproved and unevaluated (not subject to depletion)	$	36,099,898	$	5,523,254	$	-	$	1,243,615	$	42,866,767