UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (710,926)	$ 534,943
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized (gain) loss on commodity derivatives	(24,000)	40,000
Depletion and depreciation	950,600	1,449,000
Exploration expense	15,497	0
Accretion of discount on asset retirement obligations	53,000	51,000
Deferred income tax expense (benefit)	(339,000)	222,000
Stock compensation expense	59,584	0
Warrant modification expense	66,124	0
Changes in current assets and liabilities:
Accounts receivable	(27,658)	(174,416)
Income taxes receivable	(3,627)	91,283
Prepaid expenses and other assets	(12,800)	(79,214)
Accounts payable and accrued expenses	56,522	592,937
Oil and gas revenues payable	132,991	114,529
Other	30,815	0
Net cash provided by operating activities	247,122	2,842,062
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and natural gas properties and other equipment	(109,278)	(2,938,140)
Net cash used in investing activities	(109,278)	(2,938,140)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long term debt	0	500,000
Common stock issued from the exercise of warrants	0	22,259
Net cash provided by financing activities	0	522,259
NET CHANGE IN CASH AND CASH EQUIVALENTS	137,844	426,181
CASH AND CASH EQUIVALENTS, beginning of the period	978,145	2,648,487
CASH AND CASH EQUIVALENTS, end of the period	1,115,989	3,074,668
SUPPLEMENTAL INFORMATION:
Cash paid during the period for interest	127,862	190,847
Cash paid during the period for income taxes	4,841	33,622
Change in accrued capital expenditures	$ 67,332	$ 1,499,545