v2.4.0.6

Condensed Statements of Earnings (Unaudited) (USD $)	3 Months Ended		6 Months Ended
Condensed Statements of Earnings (Unaudited) (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenue:
Operating revenue	$ 1,756,413	$ 1,997,370	$ 3,685,862	$ 3,722,204
Other income	15,314	11,862	31,357	27,390
Total revenue	1,771,727	2,009,232	3,717,219	3,749,594
Costs and expenses:
Production cost	1,182,905	1,238,410	2,273,367	2,283,803
Depreciation, depletion and amortization	108,236	109,055	218,198	218,110
General and administrative	146,260	138,406	306,175	291,572
Impairment in value of oil and gas property	10,629	0	12,517	0
Interest	678	567	1,426	1,507
Doubtful account expense	215	17,449	7,197	26,507
Total costs and expenses	1,448,923	1,503,887	2,818,880	2,821,499
Earnings before taxes	322,804	505,345	898,339	928,095
Federal and state taxes:
Provision for federal income tax	106,290	167,889	298,168	308,222
Provision for state margin tax	10,187	11,553	21,374	21,560
Net earnings	$ 206,327	$ 325,903	$ 578,797	$ 598,313
Weighted average number of shares outstanding (in Shares)	1,416,587	1,416,587	1,416,587	1,416,587
Basic earnings per share (in Dollars per share)	$ 0.15	$ 0.23	$ 0.41	$ 0.42
Diluted earnings per share (in Dollars per share)	$ 0.15	$ 0.23	$ 0.41	$ 0.42

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