Income Taxes (Tables)

12 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

Summary Of Provision (Benefit) For Income Taxes

	2017			2016			2015
Current:
Federal	$	314,000		$	2,166,000		$	2,053,000
State		-			83,000			111,000
		314,000			2,249,000			2,164,000
Deferred:
Federal		390,000			(8,597,000	)		2,033,000
State		(15,000	)		(1,363,000	)		639,000
		375,000			(9,960,000	)		2,672,000
	$	689,000		$	(7,711,000	)	$	4,836,000

Summary Of Difference Between Provision (Benefit) For Income Taxes And Amount Which Would Result From Application Of Federal Statutory Rate

	2017			2016			2015
Provision (benefit) for income taxes at statutory rate	$	1,477,327		$	(6,299,259	)	$	4,955,069
Percentage depletion		(570,801	)		(395,649	)		(530,783	)
State income taxes, net of federal provision (benefit)		3,900			(683,800	)		487,500
Effect of graduated rates		85,644			(86,745	)		(62,922	)
Restricted stock tax benefit		(238,000	)		-			-
Deferred directors compensation benefit		(79,000	)		-			-
Other		9,930			(245,547	)		(12,864	)
	$	689,000		$	(7,711,000	)	$	4,836,000

Summary Of Deferred Tax Assets And Liabilities

	2017		2016
Deferred tax liabilities:
Financial basis in excess of tax basis, principally intangible    drilling costs capitalized for financial purposes and    expensed for tax purposes	$	38,185,387	$	33,656,415
Derivative contracts		200,786		-
		38,386,173		33,656,415
Deferred tax assets:
State net operating loss carry forwards		655,741		259,981
AMT credit carry forwards		3,499,320		-
Deferred directors' compensation		1,295,333		1,273,279
Restricted stock expense		411,019		494,776
Derivative contracts		-		166,597
Statutory depletion carry forwards		634,405		-
Other		839,348		785,775
		7,335,166		2,980,408
Net deferred tax liabilities	$	31,051,007	$	30,676,007