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Condensed Balance Sheets (Unaudited for Dec 31, 2012) (USD $)
Dec. 31, 2012
Sep. 30, 2012
Current assets:    
Cash and cash equivalents $ 986,363 $ 1,984,099
Oil, NGL and natural gas sales receivables 8,234,220 8,349,865
Deferred income taxes 95,900 121,900
Refundable income taxes 5,980 325,715
Refundable production taxes 548,576 585,454
Derivative contracts 764,643  
Other 155,978 255,812
Total current assets 10,791,660 11,622,845
Properties and equipment, at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 281,200,946 275,997,569
Non-producing oil and natural gas properties 9,962,008 10,150,561
Furniture and fixtures 703,457 668,004
291,866,411 286,816,134
Less accumulated depreciation, depletion and amortization (170,783,831) (165,199,079)
Net properties and equipment 121,082,580 121,617,055
Investments 1,238,638 1,034,870
Refundable production taxes 736,004 911,960
Total assets 133,848,882 135,186,730
Current liabilities:    
Accounts payable 4,057,404 6,447,692
Derivative contracts   172,271
Accrued liabilities and other 1,014,007 1,007,779
Total current liabilities 5,071,411 7,627,742
Long-term debt 14,454,757 14,874,985
Deferred income taxes 27,020,907 26,708,907
Asset retirement obligations 2,195,383 2,122,950
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 8,431,502 issued at December 31, 2012, and September 30, 2012 140,524 140,524
Capital in excess of par value 2,195,559 2,020,229
Deferred directors' compensation 2,493,184 2,676,160
Retained earnings 85,805,264 84,821,395
90,634,531 89,658,308
Less treasury stock, at cost; 173,147 shares at December 31, 2012, and 181,310 shares at September 30, 2012 (5,528,107) (5,806,162)
Total stockholders' equity 85,106,424 83,852,146
Total liabilities and stockholders' equity $ 133,848,882 $ 135,186,730