UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 1,115,989	$ 978,145
Certificates of deposit	0	30,815
Accounts receivable:
Oil and natural gas sales	644,326	589,643
Joint interest billings, less allowance for doubtful accounts of approximately $174,000 each period	282,392	309,417
Unrealized gain on commodity derivatives	24,000
Prepaid income taxes	354,113	350,486
Deferred income tax asset-current	91,000	98,000
Prepaid expenses and other current assets	86,832	74,032
Total current assets	2,598,652	2,430,538
PROPERTY AND EQUIPMENT:
Oil and natural gas properties (successful efforts method)	41,033,974	40,873,612
Other equipment	108,460	108,460
Less accumulated depletion and depreciation	(21,465,581)	(20,514,981)
Net property and equipment	19,676,853	20,467,091
Total assets	22,275,505	22,897,629
CURRENT LIABILITIES:
Short-term debt	7,240,000	0
Accounts payable and accrued expenses	670,585	546,731
Oil and gas revenues payable	448,945	315,954
Total current liabilities	8,359,530	862,685
LONG-TERM DEBT	0	7,240,000
DEFERRED INCOME TAXES	1,718,000	2,064,000
ASSET RETIREMENT OBLIGATION	1,815,292	1,763,043
Total liabilities	11,892,822	11,929,728
STOCKHOLDERS' EQUITY:
Common stock, $.01 par value, 75,000,000 shares authorized; 9,062,385 and 9,052,385 shares issued, respectively, and 8,135,385 and 8,125,385 outstanding, respectively	90,623	90,523
Additional paid-in capital	12,242,095	12,116,487
Retained earnings	16,857	727,783
Treasury stock, 927,000 shares, each period, at cost	(1,966,892)	(1,966,892)
Total stockholders' equity	10,382,683	10,967,901
Total liabilities and stockholders' equity	$ 22,275,505	$ 22,897,629