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SEGMENT INFORMATION (Details) (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Sep. 30, 2013
Revenues:          
Total before interest income $ 6,802,000 $ 5,179,000 $ 21,874,000 $ 18,470,000  
Interest income 8,000 3,000 18,000 32,000  
Total revenues 6,810,000 5,182,000 21,892,000 18,502,000  
Depletion, depreciation, and amortization:          
Total depletion, depreciation, and amortization 1,296,000 1,372,000 5,364,000 6,383,000  
Reduction of carrying value of assets:          
Total reduction of carrying value of assets       4,506,000  
Operating profit (loss) (before general and administrative expenses):          
Total operating profit (loss) 2,127,000 1,034,000 6,067,000 (1,495,000)  
Equity in loss of affiliates:          
Equity in loss of affiliates (113,000)   (376,000)    
General and administrative expenses (1,844,000) (2,105,000) (6,049,000) (6,354,000)  
Interest expense (165,000) (146,000) (520,000) (442,000)  
Interest income 8,000 3,000 18,000 32,000  
Income (loss) before income taxes 13,000 (1,214,000) (860,000) (8,259,000)  
Assets By Segment:          
Assets 56,356,000   56,356,000   62,714,000
Intersegment elimination
         
Revenues:          
Total revenues 0 0 0 0  
Cash and cash equivalents
         
Assets By Segment:          
Assets 10,255,000   10,255,000   7,828,000
Restricted cash
         
Assets By Segment:          
Assets 1,892,000   1,892,000    
Oil and natural gas
         
Revenues:          
Total before interest income 4,619,000 4,774,000 16,343,000 16,019,000  
Depletion, depreciation, and amortization:          
Total depletion, depreciation, and amortization 1,187,000 1,253,000 5,043,000 5,983,000  
Reduction of carrying value of assets:          
Total reduction of carrying value of assets       4,506,000  
Operating profit (loss) (before general and administrative expenses):          
Total operating profit (loss) 1,321,000 1,115,000 4,526,000 (1,918,000)  
Assets By Segment:          
Assets 26,244,000   26,244,000   40,559,000
Land investment
         
Revenues:          
Total before interest income 258,000   378,000 282,000  
Operating profit (loss) (before general and administrative expenses):          
Total operating profit (loss) 258,000   378,000 282,000  
Equity in loss of affiliates:          
Equity in loss of affiliates (113,000)   (376,000)    
Assets By Segment:          
Assets 7,145,000   7,145,000   2,381,000
Contract drilling
         
Revenues:          
Total before interest income 1,548,000 248,000 4,475,000 1,668,000  
Depletion, depreciation, and amortization:          
Total depletion, depreciation, and amortization 79,000 91,000 235,000 314,000  
Operating profit (loss) (before general and administrative expenses):          
Total operating profit (loss) 201,000 (210,000) 571,000 (274,000)  
Assets By Segment:          
Assets 2,088,000   2,088,000   2,905,000
Residential real estate
         
Assets By Segment:          
Assets 5,448,000   5,448,000   5,448,000
Other
         
Revenues:          
Total before interest income 377,000 157,000 678,000 501,000  
Depletion, depreciation, and amortization:          
Total depletion, depreciation, and amortization 30,000 28,000 86,000 86,000  
Operating profit (loss) (before general and administrative expenses):          
Total operating profit (loss) 347,000 129,000 592,000 415,000  
Corporate and other
         
Assets By Segment:          
Assets $ 3,284,000   $ 3,284,000   $ 3,593,000