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Balance Sheets (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash and Cash Equivalents $ 3,570,725 $ 2,940,967
Available-for-Sale Securities 12,893,876 13,138,811
Trading Securities 416,584 414,124
Refundable Income Taxes   281,832
Receivables 1,587,455 1,800,659
[AssetsCurrent] 18,468,640 18,576,393
Investments:    
Equity Investment 510,439 485,968
Other 151,839 151,839
[LongTermInvestments] 662,278 637,807
Oil and Gas Properties, at Cost, Based on the Successful Efforts Method of Accounting-    
Unproved Properties 1,485,597 1,222,333
Proved Properties 28,651,594 26,323,648
[PropertyPlantAndEquipmentGross] 30,137,191 27,545,981
Less - Accumulated Depreciation, Depletion, Amortization and Valuation Allowance 19,341,677 18,709,551
[OilAndGasPropertySuccessfulEffortMethodNet] 10,795,514 8,836,430
Other Property and Equipment, at Cost 448,450 404,194
Less: Accumulated Depreciation and Amortization 241,549 225,708
OtherPropertyEquipmentNet 206,901 178,486
Total Property, Plant and Equipment 11,002,415 9,014,916
Other Assets 357,956 355,959
Total Assets 30,491,289 28,585,075
Current Liabilities:    
Accounts Payable 286,866 177,628
Income Taxes Payable 278,264  
Other Current Liabilities: Deferred Income Taxes and Other 334,568 256,354
[LiabilitiesCurrent] 899,698 433,982
Long-Term Liabilities:    
Asset Retirement Obligation 894,088 848,631
Dividends Payable 1,491,775 1,453,070
Deferred Tax Liability 1,949,699 1,587,434
[LiabilitiesNoncurrent] 4,335,562 3,889,135
Total Liabilities 5,235,260 4,323,117
Stockholders Equity:    
Common Stock 92,368 92,368
Additional Paid-in Capital 65,000 65,000
Retained Earnings 25,914,423 24,895,712
[StockholdersEquityBeforeTreasuryStock] 26,071,791 25,053,080
Less: Treasury Stock, at Cost 815,762 791,122
Total Stockholders Equity 25,256,029 24,261,958
Total Liabilities and Stockholders Equity $ 30,491,289 $ 28,585,075