CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Mar. 31, 2011
ASSETS
Cash and cash equivalents	$ 79,429	$ 179,071
Accounts receivable:
Oil and gas sales	381,992	384,215
Trade	25,567	42,432
Related parties	5
Prepaid costs and expenses	149,943	64,479
Total current assets	636,936	670,197
Property and equipment, at cost
Oil and gas properties, using the full cost method	30,238,628	30,426,817
Other	78,520	78,520
TOTAL	30,317,148	30,505,337
Less accumulated depreciation, depletion and amortization	15,706,243	15,227,063
Property and equipment, net	14,610,905	15,278,274
TOTAL	15,247,841	15,948,471
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	212,659	199,944
Long-term debt	775,000	1,800,000
Asset retirement obligations	551,803	528,911
Deferred income tax liabilities	850,627	912,663
Stockholders' equity
Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding
Common stock - $0.50 par value; 40,000,000 shares authorized; 2,089,116 shares issued; 2,027,949 and 2,029,949 shares outstanding as of September 30, 2011 and March 31, 2011, respectively	1,044,558	1,044,558
Additional paid-in capital	6,632,348	6,453,226
Retained earnings	5,495,491	5,311,834
Treasury stock, at cost (61,167 and 59,167 shares, respectively)	(314,645)	(302,665)
Total stockholders' equity	12,857,752	12,506,953
TOTAL	$ 15,247,841	$ 15,948,471