Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and Cash Equivalents	$ 5,328,037	$ 8,071,854
Available-for-Sale Securities	16,398,003	13,443,636
Trading Securities	566,466	473,707
Refundable Income Taxes	227,779	536,798
Receivables	913,043	764,641
Total Current Assets	23,433,328	23,290,636
Investments:
Equity Investments	795,197	822,570
Other Investments, at Cost	1,910,189	1,906,856
Total Investments	2,705,386	2,729,426
Property, Plant and Equipment:
Unproved Properties	2,541,840	2,180,018
Proved Properties	53,074,649	53,030,034
Oil and Gas Properties, Gross	55,616,489	55,210,052
Less – Accumulated Depreciation, Depletion, Amortization and Valuation Allowance	44,876,843	44,456,113
Oil and Gas Properties, Net	10,739,646	10,753,939
Other Property and Equipment, at Cost	413,932	406,430
Less – Accumulated Depreciation	255,780	231,887
Other Property and Equipment, Net	158,152	174,543
Total Property, Plant and Equipment	10,897,798	10,928,482
Total Assets	37,036,512	36,948,544
Current Liabilities:
Accounts Payable	241,332	161,749
Other Current Liabilities	61,589	25,590
Total Current Liabilities	302,921	187,339
Long-Term Liabilities:
Asset Retirement Obligation	1,746,233	1,710,677
Dividends Payable	1,279,817	1,278,266
Deferred Tax Liability, Net	1,492,726	1,511,160
Total Long-Term Liabilities	4,518,776	4,500,103
Total Liabilities	4,821,697	4,687,442
Stockholders’ Equity:
Common Stock	92,368	92,368
Additional Paid-in Capital	65,000	65,000
Retained Earnings	33,577,367	33,600,718
Stockholders’ Equity Before Treasury Stock	33,734,735	33,758,086
Less – Treasury Stock, at Cost	1,519,920	1,496,984
Total Stockholders’ Equity	32,214,815	32,261,102
Total Liabilities and Stockholders’ Equity	$ 37,036,512	$ 36,948,544