Note 4 - Oil and Gas Properties

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Oil and Gas Properties [Text Block]

NOTE 4 – OIL AND GAS PROPERTIES

Oil and gas properties at March 31, 2023 and December 31, 2022 consisted of the following:

	Balance				Balance
Account	12/31/2022		Additions		3/31/2023
Leasehold Improvements - Chico Rica, LLC	$	40,000	$	-	$	40,000
Leasehold Improvements - Undeveloped		62,596		-		62,596
Lease Acquisition and Development Costs - Logan County		1,358,078		82,140		1,440,218
Total oil and gas related assets	$	1,460,674	$	82,140	$	1,542,814