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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating revenue:        
Oil and gas $ 546,164 $ 720,874 $ 1,082,567 $ 1,413,456
Other 34,678 7,955 168,458 17,982
Total operating revenues 580,842 728,829 1,251,025 1,431,438
Operating expenses:        
Production 226,548 284,995 487,492 582,573
Accretion of asset retirement obligation 8,895 8,813 17,691 17,597
Impairment of oil and gas properties 833,789 833,789
Depreciation, depletion, and amortization 297,370 450,648 605,752 868,630
General and administrative 236,367 244,863 580,613 658,609
Total operating expenses 769,180 1,823,108 1,691,548 2,961,198
Operating loss (188,338) (1,094,279) (440,523) (1,529,760)
Other income (expenses):        
Interest income 9 3 172 36
Interest expense (49,573) (43,415) (91,007) (84,280)
Net other expense (49,564) (43,412) (90,835) (84,244)
Loss before provision for income taxes (237,902) (1,137,691) (531,358) (1,614,004)
Income tax (benefit) expense:        
Deferred (361,384) (513,331)
Net loss $ (237,902) $ (776,307) $ (531,358) $ (1,100,673)
Loss per common share:        
Basic and diluted $ (0.12) $ (0.38) $ (0.26) $ (0.54)
Weighted average common shares outstanding:        
Basic and diluted 2,037,266 2,037,266 2,037,266 2,037,266