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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and equivalents $ 8,926,204 $ 9,586,524
Investments 27,651,607 26,965,697
Production accounts receivable 405,714 790,547
Other 510,861 510,861
Total current assets 37,494,386 37,853,629
PROPERTY AND EQUIPMENT    
Proved properties (successful efforts accounting method) 134,156,537 135,663,041
Pipeline and support equipment 617,217 617,217
Corporate and other 2,131,815 2,131,815
Gross property and equipment 136,905,569 138,412,073
Less accumulated depreciation, depletion, amortization and write down 130,564,026 131,767,001
Net property and equipment 6,341,543 6,645,072
OTHER ASSETS 245,956 241,178
TOTAL ASSETS 44,081,885 44,739,879
CURRENT LIABILITIES    
Accounts payable 2,783,492 2,776,546
Accrued expenses 625,554 1,011,724
Total current liabilities 3,409,046 3,788,270
OPERATIONAL ADVANCES 3,182,710 3,064,191
ASSET RETIREMENT OBLIGATIONS 17,154,873 16,652,494
Commitments and Contingencies  
LIMITED PARTNERS' EQUITY, SUBJECT TO REPURCHASE RIGHT    
Authorized - 8,000,000 Units Issued and outstanding - 4,634,720 Units and 4,746,686 Units 20,045,059 20,938,936
GENERAL PARTNER'S EQUITY 290,197 295,988
Total partners' equity 20,335,256 21,234,924
TOTAL LIABILITIES AND PARTNERS' EQUITY $ 44,081,885 $ 44,739,879