Condensed Consolidated Statements of Operations (USD $)	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues:
Oil and gas sales	$ 17,440,000	$ 10,982,000
Well service and water disposal revenue	74,000	396,000
Total revenues	17,514,000	11,378,000
Expenses:
Oil and gas production	3,957,000	3,453,000
Production tax	1,582,000	971,000
Well service and water disposal	100,000	94,000
Depletion and depreciation	3,881,000	2,017,000
Accretion of asset retirement obligation	202,000	177,000
General and administrative	2,628,000	2,625,000
Total expenses	12,350,000	9,337,000
Income from operations	5,164,000	2,041,000
Other income (expense):
Interest and other income	73,000	62,000
Interest and other expenses	(173,000)	(21,000)
Total other income (expense)	(100,000)	41,000
Income before income tax	5,064,000	2,082,000
Current income tax (benefit) expense	(390,000)	62,000
Deferred income tax expense	1,515,000	240,000
Total income tax expense	1,125,000	302,000
Net income	$ 3,939,000	$ 1,780,000
Per share amounts:
Basic	$ 2.27	$ 1.03
Diluted	$ 2.27	$ 1.03
Weighted average common shares outstanding:
Basic	1,731,812	1,720,712
Diluted	1,731,812	1,720,712