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Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Oil, NGL and natural gas sales $ 15,827,137 $ 8,438,709 $ 42,686,935 $ 29,748,884
Lease bonuses and rentals 24,146 5,014,238 539,479 6,936,156
Gains (losses) on derivative contracts 1,714,832 81,164 796,166 449,997
Income from partnerships 164,330 115,581 470,286 355,898
17,730,445 13,649,692 44,492,866 37,490,935
Costs and expenses:        
Lease operating expenses 3,105,709 2,254,543 9,040,613 6,570,942
Production taxes 460,902 289,642 1,177,341 1,071,993
Exploration costs 25,648 29,141 60,827 384,199
Depreciation, depletion and amortization 5,192,544 4,597,363 17,090,187 13,680,737
Provision for impairment 7,400 205,915 225,841 786,724
Loss (gain) on asset sales, interest and other 29,789 93,350 (138,921) 45,846
General and administrative 1,585,285 1,498,439 5,127,025 4,802,119
10,407,277 8,968,393 32,582,913 27,342,560
Income before provision for income taxes 7,323,168 4,681,299 11,909,953 10,148,375
Provision for income taxes 2,253,000 1,581,000 3,669,000 2,960,000
Net income $ 5,070,168 $ 3,100,299 $ 8,240,953 $ 7,188,375
Basic and diluted earnings per common share (Note 3) (in Dollars per share) $ 0.61 $ 0.37 $ 0.99 $ 0.86
Basic and diluted weighted average shares outstanding:        
Common shares (in Shares) 8,163,520 8,249,954 8,247,642 8,253,079
Unissued, directors' deferred compensation shares (in Shares) 116,762 115,087 113,259 133,702
(in Shares) 8,280,282 8,365,041 8,360,901 8,386,781
Dividends declared per share of common stock and paid in period (in Dollars per share) $ 0.07 $ 0.07 $ 0.21 $ 0.21