Note 12 - Fair Value Measurements (Tables)

3 Months Ended

6 Months Ended

Mar. 31, 2013

Mar. 31, 2013

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 - Swaps	$	-	$	(896,886	)	$	-		$	(896,886	)
Derivative Contracts - Collars	$	-	$	-		$	(362,828	)	$	(362,828	)

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

Instrument Type	Unobservable Input	Range				Weighted Average			Fair Value March 31, 2013
Oil Collars	Oil price volatility curve	0%	-	16.47	%		10.25	%	$	(44,299	)
Natural Gas Collars	Natural gas price volatility curve	0%	-	26.19	%		17.70	%	$	(318,529	)

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		230,667
Unrealized		(496,558	)
Included in other comprehensive income (loss)		-
Purchases, issuances and settlements		-
Transfers in and out of Level 3		-
Balance of Level 3 as of March 31, 2013	$	(362,828	)

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

	Quarter Ended March 31,
	2013				2012
	Fair Value		Impairment		Fair Value		Impairment
Producing Properties	$	9,786	$	63,476	$	489,841	$	217,262	(a)

	Six Months Ended March 31,
	2013				2012
	Fair Value		Impairment		Fair Value		Impairment
Producing Properties	$	342,006	$	218,441	$	908,963	$	580,809	(a)