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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating Revenues        
Crude Oil $ 992,944 $ 1,227,492 $ 1,934,865 $ 2,709,929
Total Revenues 992,944 1,227,492 1,934,865 2,709,929
Operating Expenses        
Lease Operating Expenses 453,364 722,249 906,631 1,187,987
Severance and Property Taxes 75,764 70,015 149,259 150,681
Depreciation, Depletion, Amortization, and Accretion 425,094 498,335 815,480 1,099,012
General and Administrative 1,138,753 1,157,626 1,999,204 2,255,257
Total Expenses 2,092,975 2,448,225 3,870,574 4,692,937
Operating Loss (1,100,031) (1,220,733) (1,935,709) (1,983,008)
Other Expense (Income)        
Interest Expense 349,550 352,264 731,350 550,527
Other Expense (Income), Net 25,712 (14,443) 62,201 (30,236)
Total Other Expenses 375,262 337,821 793,551 520,291
Loss Before Income Taxes (1,475,293) (1,558,554) (2,729,260) (2,503,299)
Income Tax Expense 13,500   13,500  
Net Loss $ (1,488,793) $ (1,558,554) $ (2,742,760) $ (2,503,299)
Net Loss Per Share        
Basic and Diluted (in dollars per share) $ (0.04) $ (0.06) $ (0.08) $ (0.09)
Weighted Average Shares Outstanding        
Basic and Diluted (in shares) 33,462,956 27,654,974 33,047,634 27,210,355