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Note 6 - Asset Retirement Obligation - Schedule of Asset Retirement Obligation (Details)
6 Months Ended
Jun. 30, 2020
USD ($)
Balance, asset retirement obligation $ 1,821,527
Liabilities incurred for new wells (net of revisions) 4,206
Liabilities settled (wells sold or plugged) (3,056)
Accretion expense 22,825
Balance, asset retirement obligation $ 1,845,502