Note 2 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Disaggregation of Revenue [Table Text Block]

	Year Ended December 30,
	2019		2018
Oil Sales	$	4,504,738	$	5,109,773
Natural Gas Sales		1,806,272		2,387,612
Miscellaneous Oil and Gas Product Sales		180,052		267,929
	$	6,491,062	$	7,765,314

Schedule Of Useful Lives Of Property And Equipment [Table Text Block]

	In years
Office furniture and fixtures	5	to	10
Automotive equipment	5	to	8

Schedule of Asset Retirement Obligations [Table Text Block]

	2019			2018
Beginning balance at January 1	$	1,774,114		$	1,774,634
Liabilities incurred		44,994			11,386
Liabilities settled (wells sold or plugged)		(24,148	)		(64,129	)
Accretion expense		45,590			47,139
Revision to estimate		(19,023	)		5,084
Ending balance at December 31	$	1,821,527		$	1,774,114