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Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Sep. 30, 2010
Current assets:    
Cash and cash equivalents $ 5,623,125 $ 5,597,258
Oil and natural gas sales receivables, net of allowance for uncollectible accounts 8,409,724 9,063,002
Derivative contracts 292,759 1,481,527
Refundable income taxes 878,860 0
Refundable production taxes 284,730 804,120
Other 77,845 412,778
Total current assets 15,567,043 17,358,685
Properties and equipment, at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 222,650,712 207,928,578
Non-producing oil and natural gas properties 10,686,973 9,616,330
Furniture and fixtures 667,432 656,889
Total properties and equipment, at cost, based on successful efforts accounting 234,005,117 218,201,797
Less accumulated depreciation, depletion and amortization 142,590,914 131,983,249
Net properties and equipment 91,414,203 86,218,548
Investments 625,341 754,208
Derivative contracts 0 138,799
Refundable production taxes 1,214,795 654,599
Total assets 108,821,382 105,124,839
Current liabilities:    
Accounts payable 5,558,643 5,062,806
Deferred income taxes 19,100 354,100
Accrued income taxes 0 922,136
Other liabilities 962,583 920,782
Total current liabilities 6,540,326 7,259,824
Deferred income taxes 24,235,650 22,552,650
Asset retirement obligations 1,750,938 1,730,369
Derivative contracts 21,310 0
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 8,431,502 issued at June 30, 2011, and September 30, 2010 140,524 140,524
Capital in excess of par value 1,922,029 1,816,365
Deferred directors' compensation 2,552,459 2,222,127
Retained earnings 77,706,189 73,599,733
Total stockholders' equity 82,321,201 77,778,749
Less treasury stock, at cost; 186,041 shares at June 30, 2011, and 120,560 at September 30, 2010 (6,048,043) (4,196,753)
Total stockholders' equity 76,273,158 73,581,996
Total liabilities and stockholders' equity $ 108,821,382 $ 105,124,839