CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS:
Cash and cash equivalents	$ 2,648,487	$ 1,408,075
Certificates of deposit	44,721	44,702
Accounts receivable:
Oil and natural gas sales	1,078,333	1,193,495
Joint interest billings, less allowance for doubtful accounts of approximately $174,000 each period	226,743	229,406
Income taxes receivable	319,097	196,555
Deferred income tax asset-current	64,000	171,000
Prepaid expenses and other current assets	64,751	42,349
Total current assets	4,446,132	3,285,582
PROPERTY AND EQUIPMENT:
Oil and natural gas properties (successful efforts method)	35,256,754	32,210,252
Other equipment	62,836	52,113
Less accumulated depletion and depreciation	(14,802,894)	(12,412,517)
Net property and equipment	20,516,696	19,849,848
Total assets	24,962,828	23,135,430
CURRENT LIABILITIES:
Accounts payable and accrued expenses	742,493	889,796
Oil and natural gas revenues payable	240,588	286,234
Unrealized loss on commodity derivatives	4,000	0
Total current liabilities	987,081	1,176,030
LINE OF CREDIT	6,740,000	6,740,000
DEFERRED INCOME TAXES	2,973,000	2,442,000
ASSET RETIREMENT OBLIGATION	1,712,685	1,595,935
Total liabilities	12,412,766	11,953,965
COMMITMENTS AND CONTINGENCIES (Notes 9 and 10)
STOCKHOLDERS' EQUITY:
Common stock, $.01 par value, 75,000,000 shares authorized; 8,993,336 and 8,970,936 shares issued, respectively; and 8,066,336 and 8,043,936 outstanding, respectively	89,933	89,709
Additional paid-in capital	11,751,298	11,661,922
Retained earnings	2,675,723	1,396,726
Treasury stock, 927,000 shares, each period, at cost	(1,966,892)	(1,966,892)
Total stockholders' equity	12,550,062	11,181,465
Total liabilities and stockholders' equity	$ 24,962,828	$ 23,135,430