Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
REVENUE:
Oil and natural gas sales	$ 1,707,210	$ 1,642,692	$ 5,283,169	$ 5,174,715
Well operational and pumping fees	17,067	17,067	51,199	51,199
Disposal fees	12,000	12,000	46,269	52,213
Total revenue	1,736,277	1,671,759	5,380,637	5,278,127
COSTS AND EXPENSES:
Production expense	684,391	717,492	1,904,218	1,766,228
Depletion and depreciation	302,500	270,000	793,500	835,000
Accretion of discount on asset retirement obligations	21,000	20,000	63,000	60,000
General and administrative	209,556	207,277	674,480	688,591
Total costs and expenses	1,217,447	1,214,769	3,435,198	3,349,819
OPERATING INCOME	518,830	456,990	1,945,439	1,928,308
OTHER INCOME (EXPENSE):
Interest income	1,503	1,710	3,522	4,270
Interest expense	(58,528)	(64,598)	(179,679)	(188,409)
Unrealized gain on commodity derivatives	232,000		164,000
Loss on sale and abandonment of oil and gas property	(69,771)		(80,441)
Miscellaneous expense			(6,611)
Total other income (expense)	105,204	(62,888)	(99,209)	(184,139)
INCOME BEFORE INCOME TAXES	624,034	394,102	1,846,230	1,744,169
Income tax benefit (provision) - current	194,000	(39,000)	(23,000)	(231,000)
Income tax provision (provision) - deferred	(433,000)	(115,000)	(650,000)	(400,000)
TOTAL INCOME TAX PROVISION	(239,000)	(154,000)	(673,000)	(631,000)
NET INCOME	$ 385,034	$ 240,102	$ 1,173,230	$ 1,113,169
NET INCOME PER SHARE:
BASIC	$ 0.05	$ 0.03	$ 0.15	$ 0.14
DILUTED	$ 0.05	$ 0.03	$ 0.15	$ 0.14
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC	7,997,175	8,143,173	8,026,060	8,232,302
DILUTED	7,997,175	8,143,173	8,026,060	8,232,302