CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Dec. 31, 2013	Mar. 31, 2013
ASSETS
Cash and cash equivalents	$ 210,473	$ 166,406
Accounts receivable:
Oil and gas sales	752,778	538,971
Trade	14,161	16,370
Prepaid costs and expenses	47,822	19,281
Total current assets	1,025,234	741,028
Property and equipment, at cost
Oil and gas properties, using the full cost method	34,153,463	34,309,328
Other	93,544	92,326
Accumulated depreciation, depletion and amortization	(18,194,770)	(17,323,692)
Property and equipment, net	16,052,237	17,077,962
Other noncurrent assets	69,676	116,454
Total Assets	17,147,147	17,935,444
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	212,319	431,848
Derivative instruments	36,186
Total current liabilities	248,505	431,848
Long-term debt	1,925,000	2,950,000
Asset retirement obligations	806,245	763,412
Derivative instruments - long term	1,837
Deferred income tax liabilities	810,416	853,199
Total liabilities	3,792,003	4,998,459
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 shares issued and 2,036,866 shares outstanding of December 31, 2013 and March 31, 2013, respectively	1,051,433	1,051,433
Additional paid-in capital	6,880,409	6,761,091
Retained earnings	5,764,294	5,465,453
Treasury stock, at cost (66,000 shares)	(340,992)	(340,992)
Total stockholders' equity	13,355,144	12,936,985
Total liabilities and stockholders' equity	$ 17,147,147	$ 17,935,444