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Subsequent Events
12 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events

17. Subsequent Events

 

In connection with Barnett Shale Fort Worth Basin royalties owned by the Company, the Company has been advised that settlement of a lawsuit for underpayment of royalties has been reached with the defendants, Chesapeake Energy Corporation and Total E&P USA resulting in an expected payment of $154,289 by September 1, 2016 of which $123,394 is payable in cash and a promissory note in the principal amount of $30,894, interest free, due in three years and payable by Chesapeake.