STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 336,200	$ 702,879
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation, Depletion and Amortization	1,246,561	478,622
Lease Impairment	0	114,048
Gain on Sale of Assets	(793,156)	0
Realized Gain on Equity Securities	0	(164,383)
Stock-Based Compensation, net of adjustments	67,278	89,780
Decrease (Increase) in:
Accounts Receivable	(122,966)	406,748
Prepaid Expenses and Other Assets	197,293	10,433
Increase (Decrease) in:
Accounts Payable and Accrued expenses	(999,527)	(272,839)
Deferred Revenues - DWI	1,857,082	(1,625,927)
Deferred Income Tax expense	188,889	416,074
Net Cash Provided by Operating Activities	1,977,654	155,435
CASH FLOWS FROM INVESTING ACTIVITIES
Expenditures for Oil and Gas Properties and Other Capital Expenditures	(2,242,964)	(513,653)
Purchase of Equity Securities	0	(4,159)
Sale of Equity Securities	0	164,384
Proceeds from Sale of Assets	806,353	0
Net Cash Used by Investing Activities	(1,436,611)	(353,428)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Long-Term Debt	650,000	4,320,000
Principal Payments on Long-Term Debt	(600,000)	(4,747,500)
Proceeds from Stock Option and Warrant Exercises	1,051,489	0
Net Cash Provided (Used) by Financing Activities	1,101,489	(427,500)
Net Increase (Decrease) in Cash and Cash Equivalents	1,642,532	(625,493)
Cash at Beginning of Year	4,630,722	3,835,282
Cash at End of Period	6,273,254	3,209,789
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION:
Cash Paid for Interest	75,775	4,258
Cash Paid for Taxes	$ 2,522	$ 4,168