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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and equivalents $ 14,556,555 $ 13,159,037
Investments 25,912,235 25,673,269
Production accounts receivable 1,088,192 2,038,527
Other 54,395 52,795
Total current assets 41,611,377 40,923,628
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 137,061,522 137,061,522
Pipeline and support equipment 601,823 601,823
Corporate and other 2,142,932 2,142,932
Gross property and equipment 139,806,277 139,806,277
Less accumulated depreciation, depletion, amortization and write down 132,071,381 131,780,081
Net property and equipment 7,734,896 8,026,196
OTHER ASSETS 254,523 254,523
TOTAL ASSETS 49,600,796 49,204,347
CURRENT LIABILITIES    
Accounts payable 2,874,645 2,691,917
Accrued expenses 519,306 1,054,419
Total current liabilities 3,393,951 3,746,336
OPERATIONAL ADVANCES 3,024,527 3,006,107
ASSET RETIREMENT OBLIGATIONS 15,934,685 15,626,385
COMMITMENTS AND CONTINGENCIES
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 5,243,119 Units, 26,903,342 26,486,561
GENERAL PARTNER'S EQUITY 344,291 338,958
Total partners' equity 27,247,633 26,825,519
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 49,600,796 $ 49,204,347