XML 26 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (Unaudited March 31,2013) (USD $)
Mar. 31, 2013
Sep. 30, 2012
Current assets:    
Cash and cash equivalents $ 2,316,752 $ 1,984,099
Oil, NGL and natural gas sales receivables 10,520,413 8,349,865
Deferred income taxes 94,900 121,900
Refundable income taxes 443,601 325,715
Refundable production taxes 578,792 585,454
Other 165,535 255,812
Total current assets 14,119,993 11,622,845
Properties and equipment, at cost, based on successful efforts accounting:    
Producing oil and natural gas properties 289,205,728 275,997,569
Non-producing oil and natural gas properties 9,210,116 10,150,561
Furniture and fixtures 705,036 668,004
299,120,880 286,816,134
Less accumulated depreciation, depletion and amortization (176,880,302) (165,199,079)
Net properties and equipment 122,240,578 121,617,055
Investments 1,369,755 1,034,870
Derivative contracts 19,912  
Refundable production taxes 680,939 911,960
Total assets 138,431,177 135,186,730
Current liabilities:    
Accounts payable 7,082,555 6,447,692
Derivative contracts 1,279,626 172,271
Accrued liabilities and other 700,366 1,007,779
Total current liabilities 9,062,547 7,627,742
Long-term debt 13,500,000 14,874,985
Deferred income taxes 27,638,907 26,708,907
Asset retirement obligations 2,262,211 2,122,950
Stockholders' equity:    
Class A voting common stock, $.0166 par value; 24,000,000 shares authorized, 8,431,502 issued at March 31, 2013 and September 30, 2012 140,524 140,524
Capital in excess of par value 2,337,589 2,020,229
Deferred directors' compensation 2,580,217 2,676,160
Retained earnings 86,828,002 84,821,395
91,886,332 89,658,308
Less treasury stock, at cost; 187,005 shares at March 31, 2013 and 181,310 shares at September 30, 2012 (5,918,820) (5,806,162)
Total stockholders' equity 85,967,512 83,852,146
Total liabilities and stockholders' equity $ 138,431,177 $ 135,186,730