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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Oil and gas operations, net of royalties $ 344,000 $ 377,000 $ 164,000 $ 173,000
Operating expenses        
Oil and gas operations 410,000 514,000 231,000 239,000
Corporate general and administrative 222,000 183,000 134,000 108,000
Total Operating Expenses 632,000 697,000 365,000 347,000
Operating earnings (loss) (288,000) (320,000) (201,000) (174,000)
Other income (expense)        
Interest income 129,000 11,000 64,000 4,000
Interest expense (9,000) (11,000) (4,000) (5,000)
Other income (expense), net 153,000 12,000 1,000
Expense 273,000 12,000 60,000 0
Net income (loss) applicable to common shares $ (15,000) $ (308,000) $ (141,000) $ (174,000)
Net income (loss) per common share-basic and diluted $ (0.00) $ (0.14) $ (0.03) $ (0.08)
Weighted average common and equivalent shares outstanding - basic 5,132 2,132 5,132 2,132