Consolidated Balance Sheets (USD $)	Mar. 31, 2012	Mar. 31, 2011
Assets
Cash and cash equivalents	$ 6,778,000	$ 4,051,000
Accounts receivable:
Oil and gas sales	2,389,000	1,674,000
Joint interest and other receivables, net of allowance of $60,000 and $93,000, respectively	90,000	329,000
Other current assets	749,000	539,000
Total current assets	10,006,000	6,593,000
Oil and gas property, full cost method:
Proved property	37,112,000	35,379,000
Unproved property	4,409,000	3,112,000
Accumulated depletion and impairment	(25,778,000)	(24,713,000)
Net oil and gas property	15,743,000	13,778,000
Support equipment and other non-current assets, net of accumulated depreciation of $383,000 and $377,000, respectively	457,000	471,000
Total non-current assets	16,200,000	14,249,000
Total assets	26,206,000	20,842,000
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	824,000	496,000
Accrued liabilities	2,610,000	1,167,000
Total current liabilities	3,434,000	1,663,000
Long-term liabilities:
Deferred tax liability	2,731,000	2,319,000
Asset retirement obligation, less current portion	1,693,000	1,795,000
Total long-term liabilities	4,424,000	4,114,000
Total liabilities	7,858,000	5,777,000
Commitments
Shareholders' Equity:
Preferred shares, $0.001 par value, 600,000 authorized and none issued or outstanding	0	0
Common shares, $0.001 par value, 6,400,000 shares authorized and 1,788,000 and 1,782,000 shares issued, respectively	18,000	18,000
Additional paid-in capital	23,108,000	23,020,000
Treasury shares, at cost, 82,000 and 76,000 shares, respectively	(457,000)	(373,000)
Accumulated deficit	(4,321,000)	(7,600,000)
Total shareholders equity	18,348,000	15,065,000
Liabilities and shareholders' equity
Total liabilities and shareholders' equity	$ 26,206,000	$ 20,842,000