Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and Cash Equivalents (Note 2)	$ 6,428,499	$ 4,767,810
Available-for-Sale Debt Securities (Notes 2, 5 & 9)	16,249,414	16,371,544
Equity Securities (Notes 2, 5 & 9)	454,058	559,936
Refundable Income Taxes	16,387	326,830
Accounts Receivable (Note 2)	846,419	829,824
Notes Receivable (Note 7)	218,158	175,000
Total Current Assets	24,212,935	23,030,944
Investments:
Equity Method Investments (Notes 2 & 7)	881,860	991,094
Other Investments (Notes 2 & 7)	1,689,249	1,633,300
Total Investments	2,571,109	2,624,394
Property, Plant and Equipment (Notes 2, 8 & 10):
Unproved Properties	2,249,113	2,296,686
Proved Properties	54,789,836	53,536,453
Oil and Gas Properties, Gross	57,038,949	55,833,139
Less – Accumulated Depreciation, Depletion, Amortization and Valuation Allowance	46,008,467	45,335,894
Oil and Gas Properties, Net	11,030,482	10,497,245
Other Property and Equipment, at Cost	403,718	404,256
Less – Accumulated Depreciation	249,333	253,239
Other Property and Equipment, Net	154,385	151,017
Total Property, Plant and Equipment	11,184,867	10,648,262
Total Assets	37,968,911	36,303,600
Current Liabilities:
Accounts Payable	318,387	235,007
Other Current Liabilities	25,243	25,243
Total Current Liabilities	343,630	260,250
Long-Term Liabilities:
Asset Retirement Obligation (Note 2)	1,774,114	1,774,634
Dividends Payable (Note 3)	1,057,483	1,228,648
Deferred Tax Liability, Net (Note 6)	1,210,271	918,050
Total Long-Term Liabilities	4,041,868	3,921,332
Total Liabilities	4,385,498	4,181,582
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	35,023,662	33,497,463
Stockholders’ Equity Before Treasury Stock	35,181,030	33,654,831
Less – Treasury Stock, at Cost	1,597,617	1,532,813
Total Stockholders’ Equity	33,583,413	32,122,018
Total Liabilities and Stockholders’ Equity	$ 37,968,911	$ 36,303,600