CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 2,112,263	$ 602,564
Adjustments to reconcile net income to net cash provided by operating activities:
(Gain) loss on sale of oil and natural gas properties	(204,000)	10,670
Depletion and depreciation	2,092,000	1,118,000
Impairment of oil and natural gas properties	204,190	1,357,339
Deferred income tax expense	862,000	375,000
Accretion of discount on asset retirement obligations	91,000	84,000
Changes in current assets and liabilities:
Accounts receivable	(206,667)	(246,361)
Income taxes receivable	135,579	(126,134)
Prepaid expenses and other current assets	79,396	930,226
Accounts payable and accrued expenses	(1,858,934)	(185,194)
Oil and natural gas revenues payable	27,105	60,882
Other	(233)	(47)
Net cash provided by operating activities	3,333,699	3,980,945
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and natural gas properties	(4,360,806)	(2,610,417)
Proceeds from the sale of oil and natural gas properties	204,000	68,330
Acquisition of other equipment	0	(27,485)
Net cash used in investing activities	(4,156,806)	(2,569,572)
CASH FLOWS FROM FINANCING ACTIVITIES:
Sale of common stock	193,589	0
Purchase of treasury shares	0	(358,550)
Net cash provided by (used in) financing activities	193,589	(358,550)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(629,518)	1,052,823
CASH AND CASH EQUIVALENTS, beginning of year	2,037,593	984,770
CASH AND CASH EQUIVALENTS, end of the year	1,408,075	2,037,593
SUPPLEMENTAL INFORMATION:
Cash paid during the year for interest	264,120	238,795
Cash paid during the year for income taxes	5,410	70,000
Capital items in accounts payable	$ 210,518	$ 2,237,579