CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2013	Mar. 31, 2012
ASSETS
Cash and cash equivalents	$ 166,406	$ 498,681
Accounts receivable:
Oil and gas sales	538,971	333,191
Trade	16,370	30,404
Prepaid costs and expenses	19,281	16,782
Total current assets	741,028	879,058
Property and equipment, at cost
Oil and gas properties, using the full cost method	34,309,328	31,840,059
Other	92,326	78,520
TOTAL	34,401,654	31,918,579
Less accumulated depreciation, depletion and amortization	17,323,692	16,223,267
Property and equipment, net	17,077,962	15,695,312
Other noncurrent assets	116,454
TOTAL	17,935,444	16,574,370
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	431,848	402,098
Long-term debt	2,950,000	1,700,000
Asset retirement obligations	763,412	613,279
Deferred income tax liabilities	853,199	884,703
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; 2,102,866 and 2,099,116 shares issued; 2,036,866 and 2,035,949 shares outstanding as of March 31, 2013 and 2012, respectively	1,051,433	1,049,558
Additional paid-in capital	6,761,091	6,608,350
Retained earnings	5,465,453	5,641,827
Treasury stock, at cost (66,000 and 63,167 shares, respectively)	(340,992)	(325,445)
Total stockholders' equity	12,936,985	12,974,290
TOTAL	$ 17,935,444	$ 16,574,370