21,320

50.00%

Prices began to rise again in the third quarter of 2023, retreated during the fourth quarter of 2023, and have increased significantly since the beginning of 2024 and stood at $83.17 as of March 31, 2024. Natural gas prices experienced high volatility in 2022 before collapsing in 2023 and have thereafter remained generally stable, finishing the first quarter of 2024 at $1.76 per MMBTU. Recent oil price stability and subsequent price increases have been significant factors in increased consolidation activity in the Permian Basin where Equus Energy holds most of its development rights. On March 13, 2024, the U.S. Energy Information Administration issued estimates of $82.15 and $80.30 for the average WTI price for the years 2024 and 2025, respectively

Revenue

$ 200,000

$ 100,000

Net loss

(20.00)

(500,000)

Impairment loss on oil & gas properties

$ 0

Working interest

7.50%

Working interest

2.50%

Oil and gas property acerage | a

2,400

Oil and gas property acerage | a

13,000

Initial capital contribution

$ 250,000

Initial capital contribution

$ 6,800,000

Producing vs non-producing wells

136

Initial capital contribution

$ 600,000

Initial capital contribution

$ 350,000

Initial capital contribution

$ 150,000

Equus Energy, LLC (Details Narrative) - Equus Energy, LLC [Member]	1 Months Ended					3 Months Ended
	Dec. 31, 2022 USD ($)	Jun. 30, 2021 USD ($)	Sep. 30, 2020 USD ($)	Dec. 27, 2012 USD ($)	Dec. 31, 2011 USD ($)	Mar. 31, 2024 USD ($) a	Mar. 31, 2023 USD ($)
Oil and gas property acerage \| a						21,320
Number of properties						9
Working interest maximum percentage						50.00%
Working interest						50.00%
Description of estimate of natural gas						Prices began to rise again in the third quarter of 2023, retreated during the fourth quarter of 2023, and have increased significantly since the beginning of 2024 and stood at $83.17 as of March 31, 2024. Natural gas prices experienced high volatility in 2022 before collapsing in 2023 and have thereafter remained generally stable, finishing the first quarter of 2024 at $1.76 per MMBTU. Recent oil price stability and subsequent price increases have been significant factors in increased consolidation activity in the Permian Basin where Equus Energy holds most of its development rights. On March 13, 2024, the U.S. Energy Information Administration issued estimates of $82.15 and $80.30 for the average WTI price for the years 2024 and 2025, respectively
Present value discount rate						10.00%
Revenue						$ 200,000	$ 100,000
Direct operating expenses						90,000.00	(30,000.00)
Net loss						(20.00)	(500,000)
Depletion, depreciation, amortization and accretion						5,000	3,000
Impairment loss on oil & gas properties						$ 0	$ 0
Burnell [Member]
Working interest						7.50%
North Pettus [Member]
Working interest						2.50%
Conger Field [Member]
Oil and gas property acerage \| a						2,400
Eagle Ford Shale [Member]
Oil and gas property acerage \| a						13,000
December 2011 [Member]
Initial capital contribution					$ 250,000
December 27, 2012 [Member]
Initial capital contribution				$ 6,800,000
Investment in working interests				$ 6,600,000
Producing vs non-producing wells				136
September 30, 2020 [Member]
Initial capital contribution			$ 600,000
June 30, 2021 [Member]
Initial capital contribution		$ 350,000
December 31, 2022 [Member]
Initial capital contribution	$ 150,000