Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and Cash Equivalents	$ 4,804,012	$ 8,071,854
Available-for-Sale Securities	16,398,003	13,443,636
Trading Securities	539,808	473,707
Refundable Income Taxes	459,084	536,798
Receivables	738,957	764,641
Total Current Assets	22,939,864	23,290,636
Investments:
Equity Investments	806,114	822,570
Other Investments, at Cost	1,910,189	1,906,856
Total Investments	2,716,303	2,729,426
Property, Plant and Equipment:
Unproved Properties	2,532,519	2,180,018
Proved Properties	52,746,219	53,030,034
Oil and Gas Properties, Gross	55,278,738	55,210,052
Less – Accumulated Depreciation, Depletion, Amortization and Valuation Allowance	44,547,419	44,456,113
Oil and Gas Properties, Net	10,731,319	10,753,939
Other Property and Equipment, at Cost	413,037	406,430
Less – Accumulated Depreciation	248,720	231,887
Other Property and Equipment, Net	164,317	174,543
Total Property, Plant and Equipment	10,895,636	10,928,482
Total Assets	36,551,803	36,948,544
Current Liabilities:
Accounts Payable	111,570	161,749
Other Current Liabilities	49,589	25,590
Total Current Liabilities	161,159	187,339
Long-Term Liabilities:
Asset Retirement Obligation	1,722,833	1,710,677
Dividends Payable	1,295,870	1,278,266
Deferred Tax Liability, Net	1,455,960	1,511,160
Total Long-Term Liabilities	4,474,663	4,500,103
Total Liabilities	4,635,822	4,687,442
Stockholders’ Equity:
Common Stock	92,368	92,368
Additional Paid-in Capital	65,000	65,000
Retained Earnings	33,273,889	33,600,718
Stockholders’ Equity Before Treasury Stock	33,431,257	33,758,086
Less – Treasury Stock, at Cost	1,515,276	1,496,984
Total Stockholders’ Equity	31,915,981	32,261,102
Total Liabilities and Stockholders’ Equity	$ 36,551,803	$ 36,948,544