Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net loss	$ (3,546,209)	$ (70,011)
Adjustments to reconcile net loss to net cash provided by operating activities:
Deferred income tax benefit	(660,870)	(21,759)
Stock-based compensation	95,770	109,928
Depreciation, depletion and amortization	1,244,617	976,669
Accretion of asset retirement obligations	$ 26,394	17,663
Gain on derivative instruments		$ (97,871)
Impairment of oil and gas properties	$ 2,984,410
Changes in assets and liabilities:
Decrease in accounts receivable	162,467	$ 97,154
Decrease (increase) in prepaid expenses	$ 30,745	(47,547)
Decrease in income taxes payable		(6,500)
Increase (decrease) in accounts payable and accrued expenses	$ 27,855	(10,729)
Net cash provided by operating activities	365,179	946,997
Cash flows from investing activities:
Additions to oil and gas properties	(1,083,698)	(4,289,799)
Additions to other property and equipment	(693)	(5,047)
Settlement of asset retirement obligations	$ (23,812)	(38,476)
Settlement of derivatives		(4,959)
Proceeds from sale of oil and gas properties and equipment	$ 782,363	15,335
Net cash used in investing activities	(325,840)	(4,322,946)
Cash flows from financing activities:
Reduction of long-term debt	(500,000)	(150,000)
Proceeds from long-term debt	400,000	3,475,000
Net cash (used in) provided by financing activities	(100,000)	3,325,000
Net decrease in cash and cash equivalents	(60,661)	(50,949)
Cash and cash equivalents at beginning of period	96,084	156,082
Cash and cash equivalents at end of period	35,423	105,133
Supplemental disclosure of cash flow information:
Cash paid for interest	126,555	53,144
Non-cash investing and financing activities:
Asset retirement obligations	$ 5,097	$ 270,924