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Unproved Oil and Gas Properties, Full Cost Method (Tables)
9 Months Ended
Sep. 30, 2024
Unproved Oil and Gas Properties, Full Cost Method [Abstract]  
Schedule of Unproved Oil and Gas Properties Unproved oil and gas properties, under the full cost method, are comprised as follows:
   September 30,
2024
   December 31,
2023
 
   US$
thousands
   US$
thousands
 
Excluded from amortization base:        
Drilling costs, and other operational related costs   6,050    2,538 
Capitalized salary costs   2,521    2,444 
Capitalized interest costs   1,418    1,418 
Legal and seismic costs, license fees and other preparation costs   11,005    10,198 
Other costs   39    39 
    21,033    16,637 
Schedule of Post Impairment of Unproved Oil and Gas Properties Post Impairment of unproved oil and gas properties comprised as follows:
   For the three months ended
September 30,
   For the nine months ended
September 30,
 
   2024   2023   2024   2023 
   US$
thousands
   US$
thousands
   US$
thousands
   US$
thousands
 
Excluded from amortization base:                
Drilling costs, and other operational related costs   
     -
    20    
     -
    76 
Capitalized salary costs   
-
    
-
    
-
    
-
 
Capitalized interest costs   
-
    
-
    
-
    
-
 
Legal costs, license fees and other preparation costs   
-
    16    
-
    53 
Other costs   
-
    
-
    
-
    
-
 
    
-
    36    
-
    129 
Schedule of Changes in Unproved Oil and Gas Properties Changes in Unproved oil and gas properties during the three and nine months ended September 30, 2024 and 2023 are as follows:
   For the three months ended
September 30,
   For the nine months ended
September 30,
 
   2024   2023   2024   2023 
   US$
thousands
   US$
thousands
   US$
thousands
   US$
thousands
 
Excluded from amortization base:                
Drilling costs, and other operational related costs   2,865    58    3,512    204 
Capitalized salary costs   26    25    77    77 
Capitalized interest costs   
-
    
-
    -    - 
Legal and seismic costs, license fees and other preparation costs   327    103    807    301 
Other costs   
-
    
-
    -    - 
Impairment of unproved oil and gas properties   
-
    (36)   -    (129)
    *3,218    *150    *4,396    *453 
* Inclusive of non-cash amounts of approximately $146,000, and $129,000 during the three months ended September 30, 2024, and 2023, respectively
   
* Inclusive of non-cash amounts of approximately $856,000, and $677,000 during the nine months ended September 30, 2024, and 2023, respectively