Note 12 - Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2012

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Financial Assets (Liabilities):
Derivative Contracts - Collars	$	-	$	-	$	764,643	$	764,643

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

Instrument Type	Unobservable Input	Range				Weighted Average			Fair Value  December 31, 2012
Oil Collars	Oil price volatility curve		0%	-	0%		0	%	$	14,980
Natural Gas Collars	Natural gas price volatility curve		0%	-	29.39%		20.14	%	$	749,663

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	Derivatives
Balance of Level 3 as of October 1, 2012	$	(96,937	)
Total gains or (losses) - realized and unrealized:
Included in earnings
Realized		23,579
Unrealized		838,001
Included in other comprehensive income (loss)
Purchases, issuances and settlements
Transfers in and out of Level 3
Balance of Level 3 as of December 31, 2012	$	764,643

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

	Quarter Ended December 31,
	2012				2011
	Fair Value		Impairment		Fair Value		Impairment
Producing Properties	$	332,220	$	154,965	$	419,122	$	363,547	(a)