Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and Cash Equivalents	$ 3,025,623	$ 6,428,499
Available-for-Sale Debt Securities	19,702,622	16,249,414
Equity Securities	543,102	454,058
Refundable Income Taxes		16,387
Accounts Receivable	904,696	846,419
Notes Receivable	218,158	218,158
Total Current Assets	24,394,201	24,212,935
Investments:
Equity Method Investments	811,384	881,860
Other Investments	1,691,116	1,689,249
Total Investments	2,502,500	2,571,109
Property, Plant and Equipment:
Unproved Properties	2,415,455	2,249,113
Proved Properties	55,045,718	54,789,836
Oil and Gas Properties, Gross	57,461,173	57,038,949
Less – Accumulated Depreciation, Depletion, Amortization and Valuation Allowance	46,235,754	46,008,467
Oil and Gas Properties, Net	11,225,419	11,030,482
Other Property and Equipment, at Cost	403,718	403,718
Less – Accumulated Depreciation	256,887	249,333
Other Property and Equipment, Net	146,831	154,385
Total Property, Plant and Equipment	11,372,250	11,184,867
Total Assets	38,268,951	37,968,911
Current Liabilities:
Accounts Payable	168,032	318,387
Income Taxes Payable	27,718
Other Current Liabilities	42,743	25,243
Total Current Liabilities	238,493	343,630
Long-Term Liabilities:
Asset Retirement Obligation	1,793,393	1,774,114
Dividends Payable	1,034,183	1,057,483
Deferred Tax Liability, Net	1,332,725	1,210,271
Total Long-Term Liabilities	4,160,301	4,041,868
Total Liabilities	4,398,794	4,385,498
Stockholders’ Equity:
Common Stock	92,368	92,368
Additional Paid-in Capital	65,000	65,000
Retained Earnings	35,355,997	35,023,662
Stockholders’ Equity Before Treasury Stock	35,513,365	35,181,030
Less – Treasury Stock, at Cost	1,643,208	1,597,617
Total Stockholders’ Equity	33,870,157	33,583,413
Total Liabilities and Stockholders’ Equity	$ 38,268,951	$ 37,968,911