STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
REVENUES:
Oil and gas sales	$ 1,340,314	$ 1,549,029	$ 2,709,372	$ 2,876,339
COSTS AND EXPENSES:
Operating expenses	459,798	447,889	889,739	861,545
General and administrative	228,878	219,072	439,894	443,792
Stock based compensation	0	43,743	0	43,743
Taxes, other than income and payroll taxes	36,960	27,104	84,381	63,959
Provision for depletion, depreciation, and amortization	186,738	225,895	367,894	411,423
Valuation allowances	0	5,851	0	54,384
Accretion expense	5,730	5,229	18,817	21,564
Other costs and expenses	54,669	62,197	84,474	87,684
Operating Expenses	972,773	1,036,980	1,885,199	1,988,094
OPERATING INCOME	367,541	512,049	824,173	888,245
OTHER INCOME (EXPENSE):
Interest income	10,170	13,159	20,860	26,511
Other income	250	0	250	500
Interest expense	(290)	(385)	(716)	(1,891)
Nonoperating Income (Expense)	10,130	12,774	20,394	25,120
INCOME BEFORE INCOME TAX PROVISION	377,671	524,823	844,567	913,365
Income tax provision
Current	34,600	64,400	83,000	110,600
Deferred	54,500	33,400	100,900	56,100
Income Tax Expense (Benefit)	89,100	97,800	183,900	166,700
NET INCOME	$ 288,571	$ 427,023	$ 660,667	$ 746,665
BASIC INCOME PER COMMON SHARE (in dollars per shares)	$ 0.06	$ 0.09	$ 0.14	$ 0.16
DILUTED INCOME PER COMMON SHARE (in dollars per shares)	$ 0.06	$ 0.09	$ 0.14	$ 0.16
Weighted average number of common shares outstanding (in shares)	4,683,853	4,683,853	4,683,853	4,681,811
Diluted average number of common shares outstanding (in shares)	4,686,827	4,725,992	4,686,929	4,723,536