Subsequent Events

12 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

The Company closed an acquisition on October 25, 2011, of certain Fayetteville Shale assets located in Van Buren, Conway and Cleburne Counties, Arkansas, in the core of the Fayetteville Shale. The Company acquired an average working interest of 2.3% in 193 producing non-operated natural gas wells and 1,531 acres of leasehold from a private seller. There are approximately 240 future infill drilling locations identified on the leasehold. The purchase price was $17.5 million and was funded by utilizing cash on hand and $13.3 million from the Company’s bank credit facility.

Presented below is unaudited pro forma financial information assuming the Company had acquired this business as of the beginning of fiscal year ended September 30, 2011. The unaudited pro forma financial information is for informational purposes only and does not purport to present what our results would actually have been had this transaction actually occurred on the date presented or to project our results of operations or financial position for any future period. The pro forma financial information was not provided for the comparative periods, as the information could not be obtained from the seller.

	2011
	(unaudited)
Revenue:
As reported	$	44,976,651
Pro forma revenue		4,433,282
Pro forma	$	49,409,933
Net Income:
As reported	$	8,413,912
Pro forma income		644,859
Pro forma	$	9,058,771