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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
Operating revenues:      
Oil and gas $ 3,063,707 $ 3,223,659 $ 3,145,247
Other 32,708 16,380 16,611
Total operating revenues 3,096,415 3,240,039 3,161,858
Operating expenses:      
Production 1,082,043 926,215 1,025,932
Accretion of asset retirement obligations 39,376 36,251 34,129
Depreciation, depletion, and amortization 1,100,425 996,205 1,047,906
General and administrative 1,028,846 950,690 877,790
Total operating expenses 3,250,690 2,909,361 2,985,757
Operating (loss) profit (154,275) 330,678 176,101
Other income (expenses):      
Interest income 229 195 360
Interest expense (53,832) (28,840) (36,361)
Net other expense (53,603) (28,645) (36,001)
(Loss) earnings before provision for income taxes (207,878) 302,033 140,100
Income tax expense (benefit):      
Current       25,502
Deferred (31,504) (27,960) 9,906
TOTAL (31,504) (27,960) (15,596)
Net (loss) income $ (176,374) $ 329,993 $ 155,696
(Loss) income per common share:      
Basic $ (0.09) $ 0.16 $ 0.08
Diluted $ (0.09) $ 0.16 $ 0.08
Weighted average common shares outstanding:      
Basic 2,036,959 2,028,014 1,947,605
Diluted 2,036,959 2,036,241 1,962,656