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Statements Of Operations - USD ($)
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Revenues:      
Revenues $ 45,034,264 $ 46,335,049 $ 39,060,783
Lease bonuses and rentals 1,580,997 5,149,297 7,735,785
Gains (losses) on derivative contracts (4,932,068) 1,249,840 (86,355)
Costs and expenses:      
Lease operating expenses 13,460,278 12,682,969 13,590,089
Production taxes 2,089,050 1,548,399 1,071,632
Depreciation, depletion and amortization 18,395,040 18,397,548 24,487,565
Provision for impairment 0 662,990 [1] 12,001,271 [1]
Loss (gain) on asset sales and other 102,685 105,830 (2,576,237)
Interest expense 1,748,101 1,275,138 1,344,619
General and administrative 7,342,441 7,441,242 7,139,728
Total costs and expenses 43,137,595 42,114,116 57,058,667
Income (loss) before provision (benefit) for income taxes 1,896,669 4,220,933 (17,997,884)
Provision (benefit) for income taxes (12,739,000) 689,000 (7,711,000)
Net income (loss) $ 14,635,669 $ 3,531,933 $ (10,286,884)
Basic and diluted earnings (loss) per common share $ 0.86 $ 0.21 $ (0.61)
Oil, NGL and Natural Gas [Member]      
Revenues:      
Revenues $ 48,385,335 $ 39,935,912 $ 31,411,353
[1] At the end of each quarter, the Company assessed the carrying value of its producing properties for impairment. This assessment utilized estimates of future cash flows or fair value (selling price) less cost to sell if the property is held for sale. Significant judgments and assumptions in these assessments include estimates of future oil, NGL and natural gas prices using a forward NYMEX curve adjusted for projected inflation, locational basis differentials, drilling plans, expected capital costs and an applicable discount rate commensurate with risk of the underlying cash flow estimates. These assessments identified certain properties with carrying value in excess of their calculated fair values.