UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
REVENUE:
Oil and natural gas sales	$ 1,147,129	$ 2,367,540	$ 2,237,486	$ 5,271,755
Well operational and pumping fees	1,262	17,664	2,524	26,614
Disposal fees	30,286	13,105	55,633	13,105
Total revenue	1,178,677	2,398,309	2,295,643	5,311,474
COSTS AND EXPENSES:
Production expense	721,370	985,810	1,540,763	1,965,278
Depletion and depreciation	443,800	623,500	950,600	1,449,000
Exploration expense	0	0	15,497	0
Accretion of discount on asset retirement obligations	27,000	25,000	53,000	51,000
General and administrative	283,307	355,982	656,634	851,534
Total costs and expenses	1,475,477	1,990,292	3,216,494	4,316,812
OPERATING INCOME (LOSS)	(296,800)	408,017	(920,851)	994,662
OTHER INCOME (EXPENSE):
Interest income	104	348	226	671
Interest expense	(64,434)	(62,784)	(127,879)	(131,236)
Realized gain (loss) on commodity derivative	25,234	(882)	25,234	(882)
Unrealized gain (loss) on commodity derivatives	24,000	6,209	24,000	(40,000)
Warrant modification expense	(66,124)	0	(66,124)	0
Miscellaneous	9,258	9,099	15,878	9,728
Total other expense	(71,962)	(48,010)	(128,665)	(161,719)
INCOME (LOSS) BEFORE INCOME TAXES	(368,762)	360,007	(1,049,516)	832,943
INCOME TAX EXPENSE - CURRENT	(410)	(12,000)	(410)	(76,000)
INCOME TAX BENEFIT (EXPENSE) - DEFERRED	108,000	(121,000)	339,000	(222,000)
TOTAL INCOME TAX PROVISION	107,590	(133,000)	338,590	(298,000)
NET INCOME (LOSS)	$ (261,172)	$ 227,007	$ (710,926)	$ 534,943
EARNINGS (LOSS) PER SHARE:
BASIC (in dollars per share)	$ (0.03)	$ 0.03	$ (0.09)	$ 0.07
DILUTED (in dollars per share)	$ (0.03)	$ 0.02	$ (0.09)	$ 0.06
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC (in shares)	8,135,385	8,070,386	8,135,330	8,068,373
DILUTED (in shares)	8,135,385	10,042,271	8,135,330	9,551,477