UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
REVENUE:
Oil and natural gas sales	$ 932,614	$ 2,308,985	$ 3,170,100	$ 7,580,740
Well operational and pumping fees	1,262	(1,603)	3,786	25,011
Disposal fees	23,606	60,211	79,239	73,316
Total revenue	957,482	2,367,593	3,253,125	7,679,067
COSTS AND EXPENSES:
Production expense	808,460	1,005,735	2,349,223	2,971,013
Depletion and depreciation	475,800	583,500	1,426,400	2,032,500
Exploration expense	2,610	0	18,107	0
Accretion of discount on asset retirement obligations	26,000	27,000	79,000	78,000
General and administrative	309,868	496,002	966,502	1,347,536
Total costs and expenses	1,622,738	2,112,237	4,839,232	6,429,049
OPERATING INCOME (LOSS)	(665,256)	255,356	(1,586,107)	1,250,018
OTHER INCOME (EXPENSE):
Interest income	191	292	417	963
Interest expense	(65,392)	(64,473)	(193,271)	(195,709)
Realized gain (loss) on commodity derivative	132,298	0	157,532	(882)
Unrealized gain on commodity derivatives	167,000	44,000	191,000	4,000
Warrant modification expense	0	0	(66,124)	0
Miscellaneous	0	0	15,878	9,728
Total other expense (expense)	234,097	(20,181)	105,432	(181,900)
INCOME (LOSS) BEFORE INCOME TAXES	(431,159)	235,175	(1,480,675)	1,068,118
INCOME TAX BENEFIT (EXPENSE) - CURRENT	(4,130)	112,457	(4,540)	36,457
INCOME TAX BENEFIT (EXPENSE) - DEFERRED	159,000	(208,000)	498,000	(430,000)
TOTAL INCOME TAX PROVISION	154,870	(95,543)	493,460	(393,543)
NET INCOME (LOSS)	$ (276,289)	$ 139,632	$ (987,215)	$ 674,575
EARNINGS (LOSS) PER SHARE:
BASIC (in dollars per share)	$ (0.03)	$ 0.02	$ (0.12)	$ 0.08
DILUTED (in dollars per share)	$ (0.03)	$ 0.02	$ (0.12)	$ 0.07
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC (in shares)	8,621,410	8,119,903	8,299,139	8,085,736
DILUTED (in shares)	8,621,410	9,149,297	8,299,139	9,415,663