Consolidated Statements of Operations (USD $)	12 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Revenues:
Oil and gas sales	$ 11,556,000	$ 8,099,000
Well service and water disposal revenue	156,000	107,000
Total revenues	11,712,000	8,206,000
Expenses:
Oil and gas production	3,543,000	2,941,000
Production tax	937,000	586,000
Well service and water disposal expenses	6,000	11,000
Depletion and depreciation	1,116,000	1,165,000
Accretion of asset retirement obligation	172,000	166,000
General and administrative	2,076,000	1,515,000
Total expenses	7,850,000	6,384,000
Income from operations	3,862,000	1,822,000
Other income (expense):
Interest and other income	75,000	12,000
Interest and other expenses	(6,000)	(26,000)
Total other income (expense)	69,000	(14,000)
Income before income tax	3,931,000	1,808,000
Current income tax expense	240,000	104,000
Deferred income tax expense	412,000	102,000
Total income tax expense	652,000	206,000
Net income	$ 3,279,000	$ 1,602,000
Per share amounts:
Basic	$ 1.92	$ 0.94
Diluted	$ 1.92	$ 0.94
Weighted average common shares outstanding:
Basic	1,709,178	1,710,453
Diluted	1,709,178	1,710,453