Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net (loss) income	$ (3,979,685)	$ (340,986)	$ 301,113
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Deferred income tax (benefit) expense	(660,870)	(197,499)	5,250
Stock-based compensation	116,953	153,386	152,448
Depreciation, depletion and amortization	1,572,738	1,362,862	1,151,482
Accretion of asset retirement obligations	$ 35,155	27,932	44,366
(Gain) loss on derivative instruments		$ (102,069)	$ 99,262
Impairment of oil and gas properties	$ 2,984,410
Changes in assets and liabilities, net of business combination:
Decrease (increase) in accounts receivable	171,044	$ 197,173	$ (90,901)
Decrease (increase) in prepaid expenses	$ 1,334	$ (15,814)	(9,523)
Decrease in noncurrent assets			109,215
(Decrease) increase in income tax payable		$ (6,500)	6,500
(Decrease) increase in accounts payable and accrued expenses	$ (65,577)	98,494	43,289
Net cash provided by operating activities	175,502	1,176,979	1,812,501
Cash flows from investing activities:
Additions to oil and gas properties	(1,138,106)	(4,777,979)	(2,150,478)
Additions to other property and equipment	(693)	(12,436)	(2,030)
Settlement of asset retirement obligations	$ (51,632)	(39,352)	(63,230)
Settlement of derivatives		57,089	(54,281)
Proceeds from sale of oil and gas properties and equipment	$ 1,322,858	15,710	963,388
Net cash provided by (used in) investing activities	$ 132,427	(4,756,968)	$ (1,306,631)
Cash flows from financing activities:
Acquisition of treasury stock		$ (5,009)
Proceeds from exercise of stock options			$ 8,806
Reduction of long-term debt	$ (770,000)	$ (150,000)	(1,375,000)
Proceeds from long-term debt	400,000	3,675,000	850,000
Net cash (used in) provided by financing activities	(370,000)	3,519,991	(516,194)
Net decrease in cash and cash equivalents	(62,071)	(59,998)	(10,324)
Cash and cash equivalents at beginning of period	96,084	156,082	166,406
Cash and cash equivalents at end of period	34,013	96,084	156,082
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 167,885	91,264	$ 67,170
Income taxes paid		13,032
Non-cash investing and financing activities:
Asset retirement obligations	$ 5,844	$ 274,148	$ 134,113