STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues:
Sale of Oil and Gas	$ 457,101	$ 370,950	$ 787,996	$ 867,844
Turnkey drilling	893,667	0	893,667	0
Supervisory Fees and Other	184,267	164,863	325,038	369,547
Total Revenues	1,535,035	535,813	2,006,701	1,237,391
Costs and Expenses:
General and Administrative	696,201	991,495	1,556,214	2,011,447
Turnkey Drilling and Development	498,700	119,758	541,843	190,158
Lease Operating	241,128	310,821	533,950	606,331
Lease Impairment	0	181,627	0	181,627
Geological and Geophysical Expense	0	63,657	0	422,686
Inventory Write Down	0	0	0	62,744
Legal and Accounting	80,833	149,572	252,464	419,875
Marketing	65,095	171,922	102,721	326,141
Depreciation, Depletion and Amortization	239,904	373,657	461,264	737,119
Total Costs and Expenses	1,821,861	2,362,509	3,448,456	4,958,128
Gain on Sale of Assets	2,294,920	430	2,294,920	1,737
Income (Loss) From Operations	2,008,094	(1,826,266)	853,165	(3,719,000)
Other Income (Expense):
Interest Expense	(102,499)	(35,624)	(303,367)	(68,362)
Income (Loss) Before Income Tax Expense (Benefit)	1,905,595	(1,861,890)	549,798	(3,787,362)
Income tax provision (benefit)	0	(545,166)	0	(1,103,783)
Net Income (Loss)	1,905,595	(1,316,724)	549,798	(2,683,579)
Basic Earnings (Loss) Per Share (in Dollars per share)	$ 0.14	$ (0.12)	$ 0.04	$ (0.24)
Diluted Earnings (Loss) Per Share (in Dollars per share)	$ 0.14	$ (0.12)	$ 0.04	$ (0.24)
Other Comprehensive Income
Unrealized Gain on Equity Securities	0	0	0	342
Other Comprehensive Income, before tax	0	0	0	342
Income Tax Expense Related to Items of Other Comprehensive Income	0	0	0	99
Other Comprehensive Income, net of tax	0	0	0	243
Comprehensive Income (Loss)	$ 1,905,595	$ (1,316,724)	$ 549,798	$ (2,683,336)