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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 105,310 $ 210,182
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax benefit (7,903) (52,257)
Stock-based compensation 64,153 82,238
Depreciation, depletion and amortization 623,511 593,522
Accretion of asset retirement obligations 9,544 21,937
(Gain) loss on derivative instruments (17,751) 86,687
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable 35,375 (164,002)
Increase in prepaid expenses (76,056) (53,728)
(Increase) decrease in noncurrent assets (12,453) 63,017
Decrease in income tax payable (6,500)   
(Decrease) increase in accounts payable and accrued expenses (8,889) 69,511
Net cash provided by operating activities 708,341 857,107
Cash flows from investing activities:    
Additions to oil and gas properties (826,473) (786,097)
Additions to other property and equipment (4,046) (931)
Settlement of asset retirement obligations (35,897) (2,071)
Settlement of derivatives (30,240) (30,071)
Proceeds from sale of oil and gas properties and equipment 12,219 743,287
Net cash used in investing activities (884,437) (75,883)
Cash flows from financing activities:    
Reduction of long-term debt (150,000) (725,000)
Proceeds from long-term debt 325,000   
Net cash provided by (used in) financing activities 175,000 (725,000)
Net (decrease) increase in cash and cash equivalents (1,096) 56,224
Cash and cash equivalents at beginning of period 156,082 166,406
Cash and cash equivalents at end of period 154,986 222,630
Supplemental disclosure of cash flow information:    
Cash paid for interest 30,989 39,424
Income Taxes Paid      
Non-cash investing and financing activities:    
Asset retirement obligations $ 7,255 $ 10,672