UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (987,215)	$ 674,575
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized (gain) loss on commodity derivatives	(191,000)	(4,000)
Depletion and depreciation	1,426,400	2,032,500
Exploration expense	18,107	0
Accretion of discount on asset retirement obligations	79,000	78,000
Deferred income tax expense (benefit)	(498,000)	430,000
Stock compensation expense	75,626	112,292
Warrant modification expense	66,124	0
Changes in current assets and liabilities:
Accounts receivable	114,373	(64,269)
Income taxes receivable	(7,037)	(25,295)
Prepaid expenses and other assets	2,278	(51,133)
Accounts payable and accrued expenses	329,787	117,302
Oil and gas revenues payable	132,792	(27,322)
Other	30,815	13,914
Net cash provided by operating activities	592,050	3,286,564
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and natural gas properties and other equipment	(226,233)	(4,897,097)
Net cash used in investing activities	(226,233)	(4,897,097)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long term debt	0	500,000
Proceeds from the exercise of warrants	734,716	196,167
Net cash provided by financing activities	734,716	696,167
NET CHANGE IN CASH AND CASH EQUIVALENTS	1,100,533	(914,366)
CASH AND CASH EQUIVALENTS, beginning of the period	978,145	2,648,487
CASH AND CASH EQUIVALENTS, end of the period	2,078,678	1,734,121
SUPPLEMENTAL INFORMATION:
Cash paid during the period for interest	192,296	255,320
Cash paid during the period for income taxes	6,931	33,622
Change in accrued capital expenditures	$ (42,400)	$ 777,189