UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
REVENUE:
Oil and natural gas sales	$ 2,571,006	$ 2,266,920	$ 7,138,419	$ 7,608,497
Well operational and pumping fees	10,669	17,066	39,113	51,198
Disposal fees	0	20,000	189,974	73,996
Total revenue	2,581,675	2,303,986	7,367,506	7,733,691
COSTS AND EXPENSES:
Production expense	1,089,469	659,227	2,560,438	2,445,389
Depletion and depreciation	501,500	507,500	1,515,500	1,477,500
Exploration expense	(11,554)	0	152,650	0
Accretion of discount on asset retirement obligations	24,000	22,000	72,000	68,000
General and administrative	293,015	298,830	815,070	906,549
Total costs and expenses	1,896,430	1,487,557	5,115,658	4,897,438
OPERATING INCOME	685,245	816,429	2,251,848	2,836,253
OTHER INCOME (EXPENSE):
Interest income	396	221	1,759	2,111
Interest expense	(78,376)	(67,926)	(199,406)	(196,194)
Realized gain on commodity derivatives	0	51,681	0	129,012
Unrealized gain (loss) on commodity derivatives	(50,000)	(314,000)	(50,000)	99,000
Miscellaneous	11,634	0	10,744	181
Total other income (expense)	(116,346)	(330,024)	(236,903)	34,110
INCOME BEFORE INCOME TAXES	568,899	486,405	2,014,945	2,870,363
INCOME TAX EXPENSE - CURRENT	66,000	(2,000)	(35,000)	(124,000)
INCOME TAX EXPENSE - DEFERRED	(267,000)	(182,000)	(692,000)	(930,000)
TOTAL INCOME TAX PROVISION	(201,000)	(184,000)	(727,000)	(1,054,000)
NET INCOME	$ 367,899	$ 302,405	$ 1,287,945	$ 1,816,363
EARNINGS PER SHARE:
BASIC (in dollars per share)	$ 0.05	$ 0.04	$ 0.16	$ 0.23
DILUTED (in dollars per share)	$ 0.04	$ 0.04	$ 0.16	$ 0.21
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC (in shares)	8,066,336	8,016,758	8,060,763	7,994,541
DILUTED (in shares)	8,656,556	8,575,094	8,208,810	8,484,429