Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Mar. 31, 2014
ASSETS
Cash and cash equivalents	$ 2,119,000	$ 2,671,000
Accounts receivable:
Oil and gas sales	4,282,000	3,895,000
Joint interest and other receivables net of allowance of ($15,000) at June 30, 2014 and March 31, 2014	271,000	758,000
Other current assets	887,000	1,043,000
Total current assets	7,559,000	8,367,000
Oil and gas properties, full cost method:
Proved properties	69,850,000	67,186,000
Unproved properties	687,000	773,000
Accumulated depletion and impairment	(32,613,000)	(31,496,000)
Net oil and gas properties	37,924,000	36,463,000
Support equipment and other non-current assets net of accumulated depreciation of ($542,000) and ($514,000), respectively	785,000	791,000
Total non-current assets	38,709,000	37,254,000
Total assets	46,268,000	45,621,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	341,000	430,000
Accrued liabilities	5,670,000	5,243,000
Total current liabilities	6,011,000	5,673,000
Long-term liabilities:
Long-term debt	8,000,000	9,000,000
Deferred tax liability	4,695,000	4,486,000
Asset retirement obligation, less current portion	2,126,000	2,068,000
Total long-term liabilities	14,821,000	15,554,000
Total liabilities	20,832,000	21,227,000
Shareholders' equity:
Preferred shares, $0.001 par value, 600,000 authorized and none issued or outstanding
Common shares, $0.001 par value, 6,400,000 shares authorized and 1,762,000 and 1,753,000 shares issued, respectively	18,000	18,000
Additional paid-in capital	23,481,000	23,436,000
Treasury stock, at cost, 15,000 and 24,000 shares, respectively	(458,000)	(458,000)
Retained earnings	2,395,000	1,398,000
Total shareholders' equity	25,436,000	24,394,000
Total liabilities and shareholders' equity	$ 46,268,000	$ 45,621,000