2. Other Assets

9 Months Ended

Dec. 31, 2012

Notes to Financial Statements

2. Other Assets

2. Other Assets

	12/31/12		03/31/12
	(Unaudited)
Drilling and completion cost prepayments	$	264,000	$	230,000
Lease and well equipment inventory		323,000		412,000
Prepaid insurance premiums		33,000		73,000
Prepaid income tax		132,000		-
Other current assets		33,000		34,000
Total other current assets	$	785,000	$	749,000