Condensed Consolidated Balance Sheets (USD $)	Dec. 31, 2012	Mar. 31, 2012
ASSETS
Cash and cash equivalents	$ 2,157,000	$ 6,778,000
Accounts receivable:
Oil and gas sales	2,988,000	2,389,000
Joint interest and other receivables net of allowance of ($38,000) and ($60,000), respectively	195,000	90,000
Other current assets	785,000	749,000
Total current assets	6,125,000	10,006,000
Oil and gas property, full cost method:
Proved property	48,166,000	37,112,000
Unproved property	2,908,000	4,409,000
Accumulated depletion and impairment	(27,062,000)	(25,778,000)
Net oil and gas properties	24,012,000	15,743,000
Support equipment and other non-current assets net of accumulated depreciation of ($402,000) and ($383,000), respectively	529,000	457,000
Total non-current assets	24,541,000	16,200,000
Total assets	30,666,000	26,206,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	1,280,000	824,000
Accrued liabilities	3,199,000	2,610,000
Total current liabilities	4,479,000	3,434,000
Long-term liabilities:
Long term debt	2,000,000	0
Deferred tax liability	2,892,000	2,731,000
Asset retirement obligation, less current portion	1,688,000	1,693,000
Total long-term liabilities	6,580,000	4,424,000
Total liabilities	11,059,000	7,858,000
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 1,802,000 and 1,788,000 shares issued, respectively	18,000	18,000
Additional paid-in capital	23,241,000	23,108,000
Treasury stock, at cost, 82,000 shares	(457,000)	(457,000)
Accumulated deficit	(3,195,000)	(4,321,000)
Total shareholders equity	19,607,000	18,348,000
Total liabilities and shareholders' equity	$ 30,666,000	$ 26,206,000