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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating revenues:        
Oil and gas $ 987,942 $ 1,108,102 $ 1,994,597 $ 2,092,371
Other 18,157 13,344 29,335 25,600
Total operating revenues 1,006,099 1,121,446 2,023,932 2,117,971
Operating expenses:        
Production 326,571 312,954 637,349 621,590
Accretion of asset retirement obligations 4,710 11,020 9,544 21,937
Depreciation, depletion, and amortization 322,696 298,489 623,511 593,522
General and administrative 291,994 286,615 642,330 598,085
Total operating expenses 945,971 909,078 1,912,734 1,835,134
Operating profit 60,128 212,368 111,198 282,837
Other income (expenses):        
Interest income 2 105 4 107
Interest expense (15,776) (18,202) (31,546) (38,332)
Gain (loss) on derivative instruments 51,380 (59,295) 17,751 (86,687)
Net other income (expense) 35,606 (77,392) (13,791) (124,912)
Earnings before provision for income taxes 95,734 134,976 97,407 157,925
Current            
Deferred 9,478 (59,075) (7,903) (52,257)
TOTAL 9,478 (59,075) (7,903) (52,257)
Net income $ 86,256 $ 194,051 $ 105,310 $ 210,182
Income per common share:        
Basic $ 0.04 $ 0.1 $ 0.05 $ 0.1
Diluted $ 0.04 $ 0.1 $ 0.05 $ 0.1
Weighted average common shares outstanding:        
Basic 2,038,266 2,036,866 2,038,266 2,036,866
Diluted 2,053,158 2,039,108 2,054,003 2,038,800