Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2015

Summary Of Significant Accounting Policies [Abstract]

Summary Of Derivative Instruments Contracts

Derivative contracts in place as of September 30, 2014

(prices below reflect the Company’s net price from the listed pipelines)

	Production volume	Indexed
Contract period	covered per month	Pipeline	Fixed price
Natural gas costless collars
July - December 2014	140,000 Mmbtu	NYMEX Henry Hub	$3.75 floor / $4.50 ceiling
Natural gas fixed price swaps
July - December 2014	140,000 Mmbtu	NYMEX Henry Hub	$4.11
May - October 2014	30,000 Mmbtu	NYMEX Henry Hub	$4.30
October - December 2014	40,000 Mmbtu	NYMEX Henry Hub	$4.61
Oil costless collars
January - December 2014	4,000 Bbls	NYMEX WTI	$85.00 floor / $100.00 ceiling
July - December 2014	5,000 Bbls	NYMEX WTI	$90.00 floor / $97.00 ceiling
Oil fixed price swaps
January - December 2014	3,000 Bbls	NYMEX WTI	$94.50
June - December 2014	4,000 Bbls	NYMEX WTI	$99.40
July - December 2014	4,000 Bbls	NYMEX WTI	$95.25
July - December 2014	5,000 Bbls	NYMEX WTI	$94.20
January - March 2015	6,000 Bbls	NYMEX WTI	$92.85
January - June 2015	7,000 Bbls	NYMEX WTI	$96.80
January - June 2015	5,000 Bbls	NYMEX WTI	$97.40
January - June 2015	4,000 Bbls	NYMEX WTI	$97.25
April - December 2015	5,000 Bbls	NYMEX WTI	$94.56
July - December 2015	7,000 Bbls	NYMEX WTI	$93.91

Derivative contracts in place as of September 30, 2015

(prices below reflect the Company’s net price from the listed pipelines)

	Production volume	Indexed
Contract period	covered per month	pipeline	Fixed price
Natural gas costless collars
January - December 2015	100,000 Mmbtu	NYMEX Henry Hub	$3.50 floor / $4.10 ceiling
January - December 2015	70,000 Mmbtu	NYMEX Henry Hub	$3.25 floor / $4.00 ceiling
April - October 2015	50,000 Mmbtu	NYMEX Henry Hub	$3.50 floor / $4.00 ceiling
May - October 2015	70,000 Mmbtu	NYMEX Henry Hub	$3.50 floor / $3.95 ceiling
Oil costless collars
July - December 2015	10,000 Bbls	NYMEX WTI	$80.00 floor / $86.50 ceiling
Oil fixed price swaps
April - December 2015	5,000 Bbls	NYMEX WTI	$94.56
July - December 2015	7,000 Bbls	NYMEX WTI	$93.91

Summary Of Derivative Contracts

	9/30/2015		9/30/2014
	Fair Value (a)		Fair Value (a)
	Commodity Contracts		Commodity Contracts
	Current Assets		Current Assets		Current Liabilities		Non-Current Assets
Gross amounts recognized	$	4,210,764	$	1,658,785	$	8,222	$	251,279
Offsetting adjustments		-		(8,222)		(8,222)		-
Net presentation on
Balance Sheets	$	4,210,764	$	1,650,563	$	-	$	251,279

(a)See Fair Value Measurements section for further disclosures regarding fair value of financial instruments.

Summary Of Fair Value Measurement Information For Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

	Fair Value Measurement at September 30, 2015
	Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total Fair
	(Level 1)		(Level 2)		(Level 3)		Value
Financial Assets (Liabilities):
Derivative Contracts - Swaps	$	-	$	2,319,515	$	-	$	2,319,515
Derivative Contracts - Collars	$	-	$	-	$	1,891,249	$	1,891,249

	Fair Value Measurement at September 30, 2014
	Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total Fair
	(Level 1)		(Level 2)		(Level 3)		Value
Financial Assets (Liabilities):
Derivative Contracts - Swaps	$	-	$	1,871,798	$	-	$	1,871,798
Derivative Contracts - Collars	$	-	$	-	$	30,044	$	30,044

Summary Of Unobservable Inputs For Level 3 Fair Value Measurements

Instrument Type	Unobservable Input	Range	Weighted Average	Fair Value        Assets (Liabilities) September 30, 2015
Oil Collars	Oil price volatility curve	0% - 21.36%	14.92%	$	1,367,820
Natural Gas Collars	Natural gas price volatility curve	0% - 16.42%	7.49%	$	523,429

Summary Of Reconciliation Of Assets Classified As Level 3 Measurements

	Derivatives
Net Asset (Liability) Balance of Level 3 as of October 1, 2014	$	30,044
Total gains or (losses):
Included in earnings		(1,704,094)
Included in other comprehensive income (loss)		-
Purchases, issuances and settlements		3,565,299
Transfers in and out of Level 3		-
Net Asset (Liability) Balance of Level 3 as of September 30, 2015	$	1,891,249

Summary Of Impairments Associated With Certain Assets Measured At Fair Value On A Nonrecurring Basis Within Level 3

	Year Ended September 30,
	2015				2014
	Fair Value		Impairment		Fair Value		Impairment
Producing Properties (a)	$	4,897,269	$	5,009,191	$	988,673	$	1,096,076

(a) At the end of each quarter, the Company assessed the carrying value of its producing properties for impairment. This assessment utilized estimates of future cash flows. Significant judgments and assumptions in these assessments include estimates of future oil, NGL and natural gas prices using a forward NYMEX curve adjusted for projected inflation, locational basis differentials, drilling plans, expected capital costs and an applicable discount rate commensurate with risk of the underlying cash flow estimates. These assessments identified certain properties with carrying value in excess of their calculated fair values.

Summary Of Asset Retirement Obligation

	2015		2014
Asset Retirement Obligations as of beginning of the year	$	2,638,470	$	2,393,190
Accretion of Discount		126,769		127,656
Wells Acquired or Drilled		78,110		251,155
Wells Sold or Plugged		(18,405)		(133,531)
Asset Retirement Obligations as of end of the year	$	2,824,944	$	2,638,470