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Condensed Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Activities    
Net income $ 4,088,076 $ 3,199,102
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 9,083,374 7,066,196
Impairment 580,809 828,019
Provision for deferred income taxes 358,743 467,000
Exploration costs 355,058 577,457
Net (gain) loss on sale of assets (2,042,337) (139,955)
Income from partnerships (240,317) (110,316)
Distributions received from partnerships 290,861 175,813
Directors' deferred compensation expense 216,724 235,950
Restricted stock awards 148,793 58,846
Cash provided by changes in assets and liabilities:    
Oil and natural gas sales receivables 1,861,278 965,987
Fair value of derivative contracts (93,718) 1,498,523
Refundable production taxes 72,573 57,958
Other current assets (48,078) 261,954
Accounts payable 100,827 325,408
Income taxes receivable 354,246 (758,332)
Other non-current assets 308  
Income taxes payable 283,863 (922,136)
Accrued liabilities (309,323) (206,139)
Total adjustments 10,973,684 10,382,233
Net cash provided by operating activities 15,061,760 13,581,335
Investing Activities    
Capital expenditures, including dry hole costs (12,074,991) (11,065,925)
Acquisition of working interest properties (17,399,052)  
Acquisition of minerals and overrides (1,443,893)  
Proceeds from leasing of fee mineral acreage 1,978,410 155,908
Investments in partnerships (206,376) 46,809
Proceeds from sales of assets 131,693 938
Excess tax benefit on stock-based compensation 75,257  
Net cash used in investing activities (28,938,952) (10,862,270)
Financing Activities    
Borrowings under debt agreement 32,458,470  
Payments of loan principal (18,648,969)  
Purchase of treasury stock (1,158,957) (1,264,965)
Payments of dividends (1,160,675) (1,163,329)
Net cash provided by (used in) financing activities 11,489,869 (2,428,294)
Increase (decrease) in cash and cash equivalents (2,387,323) 290,771
Cash and cash equivalents at beginning of period 3,506,999 5,597,258
Cash and cash equivalents at end of period 1,119,676 5,888,029
Supplemental Schedule of Noncash Investing and Financing Activities    
Additions to asset retirement obligations 35,816 13,380
Gross additions to properties and equipment 29,559,055 9,704,758
Net (increase) decrease in accounts payable for properties and equipment additions 1,358,881 1,361,167
Capital expenditures and acquisitions, including dry hole costs $ 30,917,936 $ 11,065,925