Note 7 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

Note 7 . Commitments and Contingencies

The Company has natural gas delivery commitments to the Gas Purchasers (see Note

6

). Management believes the Company can meet its delivery commitments based on estimated production. If, however, the Company cannot meet its delivery commitments, it

may

be required to purchase natural gas at market prices to meet such commitments which

may

result in a gain or loss for the difference between the delivery commitment price and the price at which the Company is able to purchase the natural gas for redelivery (resale) to its customers.

The Company is party to various legal proceedings and claims in the ordinary course of its business and believes the outcome of such matters will

not

have a material adverse effect on its consolidated financial position, results of operations, or liquidity.