Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and Cash Equivalents (Note 2)	$ 2,738,338	$ 6,428,499
Available-for-Sale Debt Securities (Notes 2, 5 & 9)	18,517,910	16,249,414
Equity Securities (Notes 2, 5 & 9)	545,075	454,058
Refundable Income Taxes	109,999	16,387
Accounts Receivable (Note 2)	968,382	846,419
Notes Receivable (Note 7)		218,158
Total Current Assets	22,879,704	24,212,935
Investments:
Equity Method Investments (Notes 2 & 7)	744,798	881,860
Other Investments (Notes 2 & 7)	1,898,347	1,689,249
Total Investments	2,643,145	2,571,109
Property, Plant and Equipment (Notes 2, 8 & 10):
Unproved Properties	2,727,857	2,249,113
Proved Properties	54,451,862	54,789,836
Oil and Gas Properties, Gross	57,179,719	57,038,949
Less – Accumulated Depreciation, Depletion, Amortization and Valuation Allowance	47,852,157	46,008,467
Oil and Gas Properties, Net	9,327,562	11,030,482
Other Property and Equipment, at Cost	466,728	403,718
Less – Accumulated Depreciation	279,892	249,333
Other Property and Equipment, Net	186,836	154,385
Total Property, Plant and Equipment	9,514,398	11,184,867
Other Assets	687,048
Total Assets	35,724,295	37,968,911
Current Liabilities:
Accounts Payable	156,768	318,387
Other Current Liabilities	25,243	25,243
Total Current Liabilities	182,011	343,630
Long-Term Liabilities:
Asset Retirement Obligation (Note 2)	1,821,527	1,774,114
Dividends Payable (Note 3)	676,148	1,057,483
Deferred Tax Liability, Net (Note 6)	917,365	1,210,271
Total Long-Term Liabilities	3,415,040	4,041,868
Total Liabilities	3,597,051	4,385,498
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	33,660,169	35,023,662
Stockholders’ Equity Before Treasury Stock	33,817,537	35,181,030
Less – Treasury Stock, at Cost	1,690,293	1,597,617
Total Stockholders’ Equity	32,127,244	33,583,413
Total Liabilities and Stockholders’ Equity	$ 35,724,295	$ 37,968,911