Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2016	Mar. 31, 2016
Current assets
Cash and cash equivalents	$ 26,615	$ 34,013
Accounts receivable:
Oil and gas sales	369,046	248,145
Trade	12,592	29,880
Prepaid costs and expenses	16,972	43,284
Total current assets	425,225	355,322
Property and equipment, at cost
Oil and gas properties, using the full cost method	40,431,057	40,365,197
Other	107,484	107,484
Accumulated depreciation, depletion and amortization	(25,000,936)	(24,395,184)
Property and equipment, net	15,537,605	16,077,497
Other noncurrent assets	29,743	34,441
Total assets	15,992,573	16,467,260
Current liabilities
Accounts payable and accrued expenses	419,817	332,172
Long-term debt	5,520,000	5,580,000
Asset retirement obligations	1,208,417	1,211,077
Total liabilities	7,148,234	7,123,249
Commitments and contingencies
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 shares issued and 2,037,266 shares outstanding as of September 30, 2016 and March 31, 2016	1,052,133	1,052,133
Additional paid-in capital	7,223,670	7,191,984
Retained earnings	914,537	1,445,895
Treasury stock, at cost (67,000 shares)	(346,001)	(346,001)
Total stockholders' equity	8,844,339	9,344,011
Total liabilities and stockholders' equity	$ 15,992,573	$ 16,467,260

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.