CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Mar. 31, 2013
ASSETS
Cash and cash equivalents	$ 156,082	$ 166,406
Accounts receivable:
Oil and gas sales	628,098	538,971
Trade	18,144	16,370
Prepaid costs and expenses	28,804	19,281
Total current assets	831,128	741,028
Property and equipment, at cost
Oil and gas properties, using the full cost method	35,460,741	34,309,328
Other	94,356	92,326
Accumulated depreciation, depletion and amortization	(18,475,174)	(17,323,692)
Property and equipment, net	17,079,923	17,077,962
Other noncurrent assets	7,239	116,454
TOTAL	17,918,290	17,935,444
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	257,431	431,848
Income tax payable	6,500
Derivative instruments	44,981
Total current liabilities	308,912	431,848
Long-term debt	2,425,000	2,950,000
Asset retirement obligations	926,577	763,412
Deferred income tax liabilities	858,449	853,199
Total liabilities	4,518,938	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; 2,104,266 and 2,102,866 shares issued; 2,038,266 and 2,036,866 shares outstanding as of March 31, 2014 and 2013, respectively	1,052,133	1,051,433
Additional paid-in capital	6,921,645	6,761,091
Retained earnings	5,766,566	5,465,453
Treasury stock, at cost (66,000 and 63,167 shares, respectively)	(340,992)	(340,992)
Total stockholders' equity	13,399,352	12,936,985
TOTAL	$ 17,918,290	$ 17,935,444