COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES [Text Block]

20. COMMITMENTS AND CONTINGENCIES

In the ordinary course of business, the Company may be involved in various legal proceedings and subject to claims that arise. Although the results of litigation and claims are inherently unpredictable and uncertain, the Company is not currently a party to any legal proceedings the outcome of which, if determined adversely to the Company, are believed to, either individually or taken together, have a material adverse effect on the Company's business, financial condition or results of operations.

The Company has certain commitments under leases, reflecting undiscounted lease payments of $565,112 payable over lease terms ending in 2025. The Company also entered into a transportation agreement in 2022 for the transport of natural gas for minimum volumes, reflecting fees of approximately $11,000 per day, subject to curtailments or production limitations.