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Exploration Costs
9 Months Ended
Jun. 30, 2011
Exploration Costs [Abstract]  
Exploration Costs
NOTE 10: Exploration Costs
     In the quarter and nine month periods ended June 30, 2011, lease expirations and leasehold impairments of $305,156 and $455,486, respectively, were charged to exploration costs. Leasehold impairments are recorded for individually insignificant non-producing leases which the Company believes will not be transferred to proved properties over the remaining lives of the leases. In the quarter and nine month periods ended June 30, 2011, the Company also had additional costs of $112,899 and $540,026, respectively, related to exploratory dry hole expenses. In the quarter and nine months ended June 30, 2010, lease expirations and impairments of $163,131 and $1,040,055, respectively, were charged to exploration costs as well as additional costs of $375,131 related to exploratory geological and geophysical expenses and dry holes.
     Oil and natural gas properties include capitalized costs of $1,751,766 on exploratory wells which were drilling and/or testing at June 30, 2011. These wells are located in western Oklahoma where drilling has continued to increase in natural gas liquids-rich areas. The Company is expecting to have evaluation results on these wells within the next six months.