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Condensed Balance Sheets (USD $)
Mar. 31, 2014
Sep. 30, 2013
Current Assets:    
Cash and cash equivalents $ 1,816,400 $ 2,867,171
Oil, NGL and natural gas sales receivables 17,105,718 13,720,761
Refundable production taxes 666,180 662,051
Derivative contracts, net    [1] 425,198 [1]
Other 185,725 129,998
Total current assets 19,774,023 17,805,179
Properties and equipment at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 317,646,446 304,889,145
Non-producing oil and natural gas properties 9,151,030 8,932,905
Furniture and fixtures 743,493 737,368
Total properties and equipment, at cost, based on successful efforts accounting 327,540,969 314,559,418
Less accumulated depreciation, depletion and amortization (193,194,710) (186,641,291)
Net properties and equipment 134,346,259 127,918,127
Investments 1,664,914 1,574,642
Refundable production taxes 272,305 540,482
Total assets 156,057,501 147,838,430
Current Liabilities:    
Accounts payable 6,532,367 8,409,634
Derivative contracts, net 1,292,329 [1]    [1]
Deferred income taxes 43,100 127,100
Income taxes payable 865,882 751,992
Accrued liabilities and other 768,795 1,011,865
Total current liabilities 9,502,473 10,300,591
Long-term debt 6,000,000 8,262,256
Deferred income taxes 32,763,907 31,226,907
Asset retirement obligations 2,539,172 2,393,190
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 8,431,502 issued at March 31, 2014, and September 30, 2013 140,524 140,524
Capital in excess of par value 2,590,501 2,587,838
Deferred directors' compensation 2,946,032 2,756,526
Retained earnings 105,705,125 96,454,449
stockholders' equity 111,382,182 101,939,337
Less treasury stock, at cost; 194,830 shares at March 31, 2014, and 200,248 shares at September 30, 2013 (6,130,233) (6,283,851)
Total stockholders' equity 105,251,949 95,655,486
Total liabilities and stockholders' equity $ 156,057,501 $ 147,838,430
[1] See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.