Oil and Gas Reserve Data (Unaudited) (Tables)

12 Months Ended

Mar. 31, 2019

Extractive Industries [Abstract]

Schedule of Commodity Prices Utilized for Reserve Estimates the Prior to Adjustments

The following table summarizes the prices utilized in the reserve estimates for 2019 and 2018. Commodity prices utilized for the reserve estimates prior to adjustments for location, grade and quality are as follows:

	March 31,
	2019		2018
Prices utilized in the reserve estimates before adjustments:
Oil per Bbl	$	59.52	$	49.94
Natural gas per MMBtu	$	3.07	$	3.00

Schedule of Changes in Proved Reserves

Changes in Proved Reserves:

	Oil (Bbls)			Natural Gas (Mcf)
Proved Developed and Undeveloped Reserves:
As of April 1, 2017		2,124,000			6,681,000
Revision of previous estimates		(850,000	)		(915,000	)
Purchase of minerals in place		-			-
Extensions and discoveries		110,000			191,000
Sales of minerals in place		(152,000	)		(151,000	)
Production		(35,000	)		(319,000	)
As of March 31, 2018		1,197,000			5,487,000
Revision of previous estimates		(293,000	)		(430,000	)
Purchase of minerals in place		-			-
Extensions and discoveries		171,000			619,000
Sales of minerals in place		-			-
Production		(35,000	)		(295,000	)
As of March 31, 2019		1,040,000			5,381,000

Summary of Proved Developed and Undeveloped Reserves

Summary of Proved Developed and Undeveloped Reserves as of March 31, 2019 and 2018:

	Oil (Bbls)		Natural Gas (Mcf)
Proved Developed Reserves:
As of April 1, 2017		399,880		4,107,950
As of March 31, 2018		390,740		4,103,390
As of March 31, 2019		376,600		3,823,440
Proved Undeveloped Reserves:
As of April 1, 2017		1,724,420		2,572,960
As of March 31, 2018		805,980		1,383,120
As of March 31, 2019		663,860		1,557,250

Schedule of Progress of Converting Proved Undeveloped Reserves

Progress of Converting Proved Undeveloped Reserves:

	Oil & Natural Gas			Future
	(BOE)			Development Costs
PUDs, beginning of year		1,036,503		$	12,009,331
Revision of previous estimates		(306,406	)		(3,246,620	)
Sales of reserves		-			-
Conversions to PD reserves		(63,808	)		(828,262	)
Additional PUDs added		257,116			1,203,111
PUDs, end of year		923,405		$	9,137,560

Schedule of Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves

Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves:

	March 31
	2019			2018
Future cash inflows	$	70,766,000		$	77,221,000
Future production costs and taxes		(19,355,000	)		(20,080,000	)
Future development costs		(9,424,000	)		(12,009,000	)
Future income taxes		(5,767,000	)		(6,413,000	)
Future net cash flows		36,220,000			38,719,000
Annual 10% discount for estimated timing of cash flows		(16,968,000	)		(19,843,000	)
Standardized measure of discounted future net cash flows	$	19,252,000		$	18,876,000

Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows to Proved Oil and Gas Reserves

Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves:

	March 31
	2019			2018
Sales of oil and gas produced, net of production costs	$	(1,711,000	)	$	(1,580,000	)
Net changes in price and production costs		36,000			6,967,000
Changes in previously estimated development costs		1,923,000			16,196,000
Revisions of quantity estimates		(6,901,000	)		(23,969,000	)
Net change due to purchases and sales of minerals in place		-			(1,744,000	)
Extensions and discoveries, less related costs		4,333,000			1,240,000
Net change in income taxes		61,000			3,057,000
Accretion of discount		2,200,000			2,527,000
Changes in timing of estimated cash flows and other		435,000			(2,901,000	)
Changes in standardized measure		376,000			(207,000	)
Standardized measure, beginning of year		18,876,000			19,083,000
Standardized measure, end of year	$	19,252,000		$	18,876,000