UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 1,064,677	$ 1,467,279
Accounts receivable:
Oil and natural gas sales	308,863	536,413
Joint interest billings, less allowance for doubtful accounts of approximately $237,000 each period	208,619	221,159
Prepaid income taxes	23,983	23,442
Prepaid expenses and other current assets	59,338	67,236
Total current assets	1,665,480	2,315,529
PROPERTY AND EQUIPMENT:
Oil and natural gas properties (successful efforts method)	41,098,737	41,085,514
Other equipment	108,460	108,460
Less accumulated depletion and depreciation	(33,309,614)	(32,989,814)
Net property and equipment	7,897,583	8,204,160
OTHER ASSETS	25,000	0
Total assets	9,588,063	10,519,689
CURRENT LIABILITIES:
Short-term debt	6,478,333	6,478,333
Accounts payable and accrued expenses	838,205	891,611
Oil and gas revenues payable	450,906	459,627
Asset retirement obligation - current	101,246	127,795
Total current liabilities	7,868,690	7,957,366
ASSET RETIREMENT OBLIGATION	1,695,887	1,685,185
Total liabilities	9,564,577	9,642,551
STOCKHOLDERS' EQUITY:
Common stock, $.01 par value, 75,000,000 shares authorized; 9,817,101 and 9,807,101 shares issued, respectively, and 8,890,101 and 8,880,101 outstanding, respectively	98,170	98,070
Additional paid-in capital	13,008,222	13,001,447
Accumulated deficit	(11,116,014)	(10,255,487)
Treasury stock, 927,000 shares, each period, at cost	(1,966,892)	(1,966,892)
Total stockholders' equity	23,486	877,138
Total liabilities and stockholders' equity	$ 9,588,063	$ 10,519,689