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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and equivalents $ 13,564,149 $ 12,566,868
Investments 17,229,650 17,064,136
Production accounts receivable 1,974,569 1,661,669
Other 8,150 64,681
Total current assets 32,776,518 31,357,354
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 175,004,277 175,062,777
Pipeline and support equipment 770,520 762,440
Corporate and other 2,094,423 2,094,423
Gross property and equipment 177,869,220 177,919,640
Less accumulated depreciation, depletion, amortization and write down 168,828,622 168,754,778
Net property and equipment 9,040,598 9,164,862
OTHER ASSETS 126,144 125,796
TOTAL ASSETS 41,943,260 40,648,012
CURRENT LIABILITIES    
Accounts payable 2,084,538 1,869,885
Accrued expenses 590,162 1,084,347
Total current liabilities 2,674,700 2,954,232
DEFERRED INCOME TAXES 40,700 40,700
OPERATIONAL ADVANCES 2,267,913 2,135,632
ASSET RETIREMENT OBLIGATIONS 16,876,086 16,807,486
COMMITMENTS AND CONTINGENCIES
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 5,549,355 Units 19,843,925 18,486,440
GENERAL PARTNER'S EQUITY 239,936 223,522
Total partners' equity 20,083,861 18,709,962
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 41,943,260 $ 40,648,012