Condensed Balance Sheets (USD $)	Jun. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 8,454,827	$ 7,621,018
Trade accounts receivable, net of allowance for doubtful accounts of $199,041 and $172,534 in 2011 and 2010, respectively	188,961	155,191
Prepaid expense	173,389	10,277
Prepaid federal income tax	0	202,545
Total current assets	8,817,177	7,989,031
Property and equipment, at cost:
Oil and gas properties - successful efforts method of accounting	8,552,561	8,496,841
Office furniture and vehicles	233,035	233,035
[PropertyPlantAndEquipmentGross]	8,785,596	8,729,876
Less accumulated depreciation, depletion and amortization	(4,585,652)	(4,393,245)
Total property and equipment, net	4,199,944	4,336,631
Other assets	1,000	1,000
TOTAL ASSETS	13,018,121	12,326,662
Current liabilities:
Trade accounts payable	454,440	436,008
Taxes payable	107,300	36,454
Asset retirement obligation, current portion	69,082	184,800
Notes payable	150,000	150,000
Total current liabilities	780,822	807,262
Deferred federal income tax liability	292,895	292,895
Asset retirement obligation, less current portion	472,796	353,210
Total liabilities	1,546,513	1,453,367
Stockholders' equity:
Common stock, par value $.05; authorized 12,500,000 shares;1,416,587 issued and outstanding in 2011 and 2010, respectively	70,828	70,828
Additional paid-in capital	1,888,528	1,888,528
Accumulated earnings	9,512,252	8,913,939
Total stockholders' equity	11,471,608	10,873,295
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 13,018,121	$ 12,326,662