Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and Cash Equivalents (Note 2)	$ 8,071,854	$ 13,937,215
Available-for-Sale Securities (Notes 2 & 5)	13,443,636	8,642,053
Trading Securities (Notes 2 & 5)	473,707	410,724
Refundable Income Taxes	536,798	488,052
Receivables (Note 2)	764,641	644,868
Total Current Assets	23,290,636	24,122,912
Investments:
Equity Investments (Notes 2 & 7)	822,570	964,770
Other, at Cost	1,906,856	876,856
Total Investments	2,729,426	1,841,626
Unproved Properties	2,180,018	1,874,283
Proved Properties	53,030,034	52,735,721
Oil and Gas Properties, Gross	55,210,052	54,610,004
Less – Accumulated Depreciation, Depletion, Amortization and Valuation Allowance	44,456,113	42,535,199
Oil and Gas Properties, Net	10,753,939	12,074,805
Other Property and Equipment, at Cost	406,430	392,918
Less – Accumulated Depreciation	231,887	244,362
Other Property and Equipment, Net	174,543	148,556
Total Property, Plant and Equipment	10,928,482	12,223,361
Total Assets	36,948,544	38,187,899
Current Liabilities:
Accounts Payable	161,749	225,648
Other Current Liabilities	25,590	26,006
Total Current Liabilities	187,339	251,654
Long-Term Liabilities:
Asset Retirement Obligation (Note 2)	1,710,677	1,677,328
Dividends Payable (Note 3)	1,278,266	1,407,959
Deferred Tax Liability, Net (Note 6)	1,511,160	1,626,370
Total Long-Term Liabilities	4,500,103	4,711,657
Total Liabilities	4,687,442	4,963,311
Commitments and Contingencies (Notes 2 & 7)
Stockholders’ Equity (Notes 3 & 4):
Common Stock	92,368	92,368
Additional Paid-in Capital	65,000	65,000
Retained Earnings	33,600,718	34,475,369
Stockholders’ Equity Before Treasury Stock	33,758,086	34,632,737
Less – Treasury Stock, at Cost	1,496,984	1,408,149
Total Stockholders’ Equity	32,261,102	33,224,588
Total Liabilities and Stockholders’ Equity	$ 36,948,544	$ 38,187,899