XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Oil, NGL and natural gas sales $ 12,758,954 $ 11,744,277
Lease bonuses and rentals 374,392 1,755,191
Gains (losses) on derivative contracts 892,693 (222,079)
Income from partnerships 154,396 126,944
14,180,435 13,404,333
Costs and expenses:    
Lease operating expenses 3,296,562 2,264,912
Production taxes 303,553 438,499
Exploration costs 19,767 313,370
Depreciation, depletion and amortization 5,639,020 4,142,413
Provision for impairment 154,965 363,547
Loss (gain) on asset sales, interest and other 43,186 (77,041)
General and administrative 1,898,084 1,697,523
11,355,137 9,143,223
Income before provision for income taxes 2,825,298 4,261,110
Provision for income taxes 677,000 849,000
Net income $ 2,148,298 $ 3,412,110
Basic and diluted earnings per common share (Note 3) (in Dollars per share) $ 0.26 $ 0.41
Basic and diluted weighted average shares outstanding:    
Common shares (in Shares) 8,250,109 8,256,171
Unissued, directors' deferred compensation shares (in Shares) 122,285 130,654
(in Shares) 8,372,394 8,386,825
Dividends declared per share of common stock and paid in period (in Dollars per share) $ 0.07 $ 0.07
Dividends declared per share of common stock and to be paid in quarter ended March 31 (in Dollars per share) $ 0.07 $ 0.07
Scenario, Forecast [Member]
   
Basic and diluted weighted average shares outstanding:    
Dividends declared per share of common stock and paid in period (in Dollars per share) $ 0.07 $ 0.07
Dividends declared per share of common stock and to be paid in quarter ended March 31 (in Dollars per share) $ 0.07 $ 0.07