Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2015	Mar. 31, 2015
Current assets
Cash and cash equivalents	$ 35,423	$ 96,084
Accounts receivable:
Oil and gas sales	252,204	384,485
Trade	34,398	64,584
Prepaid costs and expenses	13,873	44,618
Total current assets	335,898	589,771
Property and equipment, at cost
Oil and gas properties, using the full cost method	40,872,331	40,563,443
Other	107,484	106,792
Accumulated depreciation, depletion and amortization	(24,067,063)	(19,838,036)
Property and equipment, net	16,912,752	20,832,199
Other noncurrent assets	35,580	48,980
Total assets	17,284,230	21,470,950
Current liabilities
Accounts payable and accrued expenses	453,963	423,121
Long-term debt	5,850,000	5,950,000
Asset retirement obligations	$ 1,223,963	1,230,216
Deferred income tax liabilities		660,870
Total liabilities	$ 7,527,926	$ 8,264,207
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 issued and 2,037,266 shares outstanding as of December 31, 2015 and March 31, 2015	$ 1,052,133	$ 1,052,133
Additional paid-in capital	7,170,801	7,075,031
Retained earnings	1,879,371	5,425,580
Treasury stock, at cost - (67,000 shares)	(346,001)	(346,001)
Total stockholders' equity	9,756,304	13,206,743
Total liabilities and stockholders' equity	$ 17,284,230	$ 21,470,950