CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Current Assets
Cash	$ 306,185	$ 522,155
Accounts Receivable	489,251	609,097
Inventories	112,677	112,677
Other Current Assets	180,653	342,787
Total Current Assets	1,088,766	1,586,716
Property and Equipment
Oil and Gas Properties (Full Cost Method)	49,879,219	49,554,069
Other Property and Equipment	422,249	444,924
Total Property and Equipment	50,301,468	49,998,993
Accumulated Depletion, Depreciation and Amortization	(11,935,621)	(11,190,505)
Total Property and Equipment, Net	38,365,847	38,808,488
Other Assets	272,552	343,273
Total Assets	39,727,165	40,738,477
Current Liabilities
Accounts Payable	2,261,119	2,554,977
Common Stock Payable	17,463	11,250
Accrued Expenses	298,423	286,629
Current Portion of Long-Term Notes Payable	7,226,650	1,793,367
Total Current Liabilities	9,803,655	4,646,223
Asset Retirement Obligation	1,027,072	978,430
Long-Term Notes Payable, net of current portion		5,430,144
Commitments and Contingencies (see Note 10)
Stockholders' Equity
Preferred Stock Series A, 2,000 Shares Authorized of $0.001 Par, 2,000 Shares Issued and Outstanding	3,095,600	3,095,600
Common Stock, 100,000,000 Shares Authorized of $0.001 Par, 33,426,584 Shares Issued and 33,426,684 Outstanding Shares at September 30, 2014 and 30,018,081 Issued and 29,981,181 Outstanding Shares at March 31, 2014, respectively	33,463	30,018
Additional Paid in Capital	54,948,060	52,995,987
Accumulated Deficit	(29,131,526)	(26,388,766)
Common Stock Held in Treasury, 36,900 Shares, at Cost	(49,159)	(49,159)
Total Stockholders' Equity	28,896,438	29,683,680
Total Liabilities and Stockholders' Equity	$ 39,727,165	$ 40,738,477