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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and equivalents $ 11,649,472 $ 12,566,868
Investments 20,004,505 17,064,136
Production accounts receivable 1,045,864 1,661,669
Other 8,150 64,681
Total current assets 32,707,991 31,357,354
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 174,803,277 175,062,777
Pipeline and support equipment 786,011 762,440
Corporate and other 2,090,250 2,094,423
Gross property and equipment 177,679,538 177,919,640
Less accumulated depreciation, depletion, amortization and write down 168,836,853 168,754,778
Net property and equipment 8,842,685 9,164,862
OTHER ASSETS 127,028 125,796
TOTAL ASSETS 41,677,704 40,648,012
CURRENT LIABILITIES    
Accounts payable 2,152,464 1,869,885
Accrued expenses 763,011 1,084,347
Total current liabilities 2,915,475 2,954,232
DEFERRED INCOME TAXES 40,700 40,700
OPERATIONAL ADVANCES 2,437,898 2,135,632
ASSET RETIREMENT OBLIGATIONS 16,985,986 16,807,486
COMMITMENTS AND CONTINGENCIES
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 5,492,967 and 5,549,355 Units, respectively 19,064,764 18,486,440
GENERAL PARTNER'S EQUITY 232,881 223,522
Total partners' equity 19,297,645 18,709,962
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 41,677,704 $ 40,648,012