Consolidated Statements of Operations - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Operating revenue:
Oil and gas	$ 2,383,950	$ 3,336,826	$ 3,994,295
Other	37,842	53,179	47,646
Total operating revenues	2,421,792	3,390,005	4,041,941
Operating expenses:
Production	1,144,061	1,300,820	1,231,814
Accretion of asset retirement obligation	35,155	$ 27,932	$ 44,366
Impairment of long-lived assets	2,984,410
Depreciation, depletion and amortization	1,572,738	$ 1,362,862	$ 1,151,482
General and administrative	1,155,183	1,239,750	1,136,939
Total operating expenses	6,891,547	3,931,364	3,564,601
Operating (loss) income	(4,469,755)	(541,359)	477,340
Other income (expenses):
Interest income	575	45	172
Interest expense	$ (171,375)	(99,240)	(65,387)
Gain (loss) on derivative instruments		102,069	(99,262)
Net other (expense) income	$ (170,800)	2,874	(164,477)
(Loss) earnings before provision for income taxes	$ (4,640,555)	$ (538,485)	312,863
Income tax (benefit) expense:
Current			6,500
Deferred	$ (660,870)	$ (197,499)	5,250
Total	(660,870)	(197,499)	11,750
Net (loss) income	$ (3,979,685)	$ (340,986)	$ 301,113
(Loss) income per common share:
Basic:	$ (1.95)	$ (0.17)	$ 0.15
Diluted:	$ (1.95)	$ (0.17)	$ 0.15
Weighted average common shares outstanding:
Basic:	2,037,266	2,038,250	2,036,950
Diluted:	2,037,266	2,038,250	2,042,184