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Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 997,000 $ 693,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion and depreciation 1,145,000 786,000
Deferred income tax expense 211,000 141,000
Accretion of asset retirement obligation 53,000 49,000
Share-based compensation 45,000 47,000
Amortization of deferred financing costs 4,000 3,000
Change in:    
Accounts receivable, net 100,000 419,000
Other current assets (36,000) 34,000
Accounts payable, accrued and other liabilities 125,000 716,000
Net cash provided by operating activities 2,644,000 2,888,000
Cash flows from investing activities:    
Oil and gas properties (2,170,000) (3,718,000)
Purchases of support equipment and other non-current assets (26,000) (144,000)
Net cash used in investing activities (2,196,000) (3,862,000)
Cash flows from financing activities:    
Repayments on long-term debt (1,000,000)   
Borrowings on long-term debt    1,000,000
Deferred financing fees    (4,000)
Net cash (used in) provided by financing activities (1,000,000) 996,000
Cash and cash equivalents:    
Net (decrease) increase in cash and cash equivalents (552,000) 22,000
Cash and cash equivalents, beginning of period 2,671,000 2,180,000
Cash and cash equivalents, end of period 2,119,000 2,202,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 62,000 31,000
Cash paid for income tax      
Non-cash:    
Increase in oil and gas property due to asset retirement obligation 8,000 19,000
Accrued capital expenditures 208,000 903,000
Prepaid capital expenditures $ 192,000