Balance Sheets - USD ($)	Sep. 30, 2019	Sep. 30, 2018
Current Assets:
Cash and cash equivalents	$ 6,160,691	$ 532,502
Oil, NGL and natural gas sales receivables (net of allowance for uncollectable accounts)	4,377,646	7,101,629
Refundable income taxes	1,505,442	33,165
Derivative contracts, net	2,256,639
Other	177,037	578,880
Total current assets	14,477,455	8,246,176
Properties and equipment at cost, based on successful efforts accounting:
Producing oil and natural gas properties	354,718,398	427,448,584
Non-producing oil and natural gas properties	14,599,023	12,563,519
Other	1,722,080	1,529,770
Gross properties and equipment, at cost, based on successful efforts accounting	371,039,501	441,541,873
Less accumulated depreciation, depletion and amortization	(259,314,590)	(243,257,472)
Net properties and equipment	111,724,911	198,284,401
Investments	205,076	219,109
Derivative contracts, net	237,505
Total assets	126,644,947	206,749,686
Current Liabilities:
Accounts payable	665,160	881,130
Derivative contracts, net		3,064,046
Accrued liabilities and other	2,433,466	1,791,950
Total current liabilities	3,098,626	5,737,126
Long-term debt	35,425,000	51,000,000
Deferred income taxes	5,976,007	18,088,007
Asset retirement obligations	2,835,781	2,809,378
Derivative contracts, net		349,970
Stockholders' equity:
Class A voting common stock, $0.01666 par value; 24,000,000 shares authorized; 16,897,306 issued at September 30, 2019; 16,896,881 issued at September 30, 2018	281,509	281,502
Capital in excess of par value	2,967,984	2,824,691
Deferred directors' compensation	2,555,781	2,950,405
Retained earnings	81,848,301	125,266,945
Stockholders' Equity	87,653,575	131,323,543
Treasury stock, at cost; 558,051 shares at September 30, 2019; 145,467 shares at September 30, 2018	(8,344,042)	(2,558,338)
Total stockholders' equity	79,309,533	128,765,205
Total liabilities and stockholders' equity	$ 126,644,947	$ 206,749,686