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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Oil and gas revenues $ 30,045,921 $ 34,958,761
Gain / (loss) on derivative instruments, net 18,469,658 (22,601,045)
Total revenues 48,515,579 12,357,716
OPERATING EXPENSES    
Production costs and transportation 10,297,192 5,500,322
General and administrative 3,441,595 4,476,687
Depreciation, depletion, and amortization 18,106,581 9,191,057
Asset retirement obligation accretion expense 9,227 7,976
Total operating expenses 31,854,595 19,176,042
OPERATING INCOME (LOSS) 16,660,984 (6,818,326)
OTHER INCOME (EXPENSE)    
Finance and interest income (expense), net (6,137,113) (1,097,190)
Total other income (expense) (6,137,113) (1,097,190)
INCOME (LOSS) BEFORE INCOME TAXES 10,523,871 (7,915,516)
Income tax provision (benefit) 0 0
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) 10,523,871 (7,915,516)
NET INCOME ATTRIBUTABLE TO REDEEMABLE NON-CONTROLLING INTEREST 283,326 7,130,296
NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST 3,726,852 (5,066,647)
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY $ 6,513,693 $ (9,979,165)
Earnings (loss) per SVS and PVS, and MVS on an as-converted basis    
Basic $ 0.19 $ (0.3)
Diluted $ 0.19 $ (0.3)
Weighted average number of shares per SVS and PVS, and MVS on an as-converted basis    
Basic 34,670,678 33,810,211
Diluted 54,742,819 33,810,211