UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 2,078,678	$ 978,145
Certificates of deposit	0	30,815
Accounts receivable:
Oil and natural gas sales	496,701	589,643
Joint interest billings, less allowance for doubtful accounts of approximately $174,000 each period	287,986	309,417
Unrealized gain on commodity derivatives	191,000
Prepaid income taxes	357,523	350,486
Deferred income tax asset-current	13,000	98,000
Prepaid expenses and other current assets	71,754	74,032
Total current assets	3,496,642	2,430,538
PROPERTY AND EQUIPMENT:
Oil and natural gas properties (successful efforts method)	41,037,604	40,873,612
Other equipment	108,460	108,460
Less accumulated depletion and depreciation	(21,941,381)	(20,514,981)
Net property and equipment	19,204,683	20,467,091
Total assets	22,701,325	22,897,629
CURRENT LIABILITIES:
Short-term debt	7,240,000	0
Accounts payable and accrued expenses	834,118	546,731
Oil and gas revenues payable	448,746	315,954
Total current liabilities	8,522,864	862,685
LONG-TERM DEBT	0	7,240,000
DEFERRED INCOME TAXES	1,481,000	2,064,000
ASSET RETIREMENT OBLIGATION	1,840,309	1,763,043
Total liabilities	11,844,173	11,929,728
STOCKHOLDERS' EQUITY:
Common stock, $.01 par value, 75,000,000 shares authorized; 9,807,101 and 9,052,385 shares issued, respectively, and 8,880,101 and 8,125,385 outstanding, respectively	98,070	90,523
Additional paid-in capital	12,985,406	12,116,487
Retained earnings (accumulated deficit)	(259,432)	727,783
Treasury stock, 927,000 shares, each period, at cost	(1,966,892)	(1,966,892)
Total stockholders' equity	10,857,152	10,967,901
Total liabilities and stockholders' equity	$ 22,701,325	$ 22,897,629