BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current Assets
Cash and Cash Equivalents	$ 2,658,657	$ 4,878,233
Accounts Receivable, net	2,680,986	1,680,792
Prepaid Expenses	650,220	684,848
Available for Sale Securities	6,707	16,448
Inventory	320,473	317,043
Total Current Assets	6,317,043	7,577,364
Other Assets	946	946
Oil and Gas Properties, at cost, (successful efforts basis), Equipment and Fixtures	7,060,618	7,237,382
Total Assets	13,378,607	14,815,692
Current Liabilities:
Accounts Payable and Accrued Expenses	4,864,920	5,332,323
Current Portion of Long-Term Debt	28,613	22,916
Current Portion of Deferred Tax Liability	1,775	1,775
Deferred Drilling Obligations	5,531,224	6,125,933
Total Current Liabilities	10,426,532	11,482,947
Noncurrent Liabilities:
Asset Retirement Obligation	837,596	862,369
Note Payable	1,454,326	1,477,084
Total Noncurrent Liabilities	2,291,922	2,339,453
Total Liabilities	12,718,454	13,822,400
Stockholders' Equity:
Common Stock, no par value, authorized 20,000,000 shares, 14,942,728 shares outstanding.	37,996,866	37,996,866
Convertible preferred stock, Series AA, no par value, 147,500 shares authorized; 52,784 outstanding	154,014	154,014
Accumulated (Deficit)	(37,794,786)	(37,471,388)
Paid in Capital	303,855	303,855
Accumulated Other Comprehensive Income	204	9,945
Total Stockholders' Equity	660,153	993,292
Total Liabilities and Stockholders' Equity	$ 13,378,607	$ 14,815,692