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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,373,899 $ 756,525
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 132,344 159,473
Accretion expense 74,700 86,600
Gain on disposal of property and equipment (38,600) (127,465)
Changes in assets and liabilities:    
Production accounts receivable (312,900) (123,650)
Other current assets 56,531 1,846
Other assets (348)
Accounts payable 214,653 (66,053)
Accrued expenses (494,285) (492,099)
Operational advances 132,281 128,288
Total adjustments (235,624) (433,060)
Net cash provided by operating activities 1,138,275 323,465
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments (165,514) (3,547,866)
Payments received on receivables from employees 31,709
Purchase of property and equipment (8,080)
Proceeds from disposal of property and equipment 32,600 32,400
Net cash used in investing activities (140,994) (3,483,757)
NET CHANGE IN CASH AND EQUIVALENTS 997,281 (3,160,292)
CASH AND EQUIVALENTS - BEGINNING OF PERIOD 12,566,868 11,883,725
CASH AND EQUIVALENTS - END OF PERIOD 13,564,149 8,723,433
Supplemental disclosures of cash flow information and non-cash activities:    
Cash paid during the period for income taxes $ 11,135 $ 3,600