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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues:        
Total operating revenues $ 625,884 $ 714,508 $ 1,325,475 $ 1,463,519
Operating expenses:        
Production 229,042 250,578 448,437 509,513
Accretion of asset retirement obligations 6,590 3,771 13,337 7,406
Depreciation, depletion, and amortization 209,729 205,583 419,967 421,658
General and administrative 255,294 226,169 566,355 475,207
Total operating expenses 700,655 686,101 1,448,096 1,413,784
Operating (loss) income (74,771) 28,407 (122,621) 49,735
Other income (expenses):        
Interest income 479 70 499 83
Interest expense (8,495) (6,446) (14,851) (13,367)
Net other expense (8,016) (6,376) (14,352) (13,284)
(Loss) income before income taxes (82,787) 22,031 (136,973) 36,451
Income tax
Net (loss) income $ (82,787) $ 22,031 $ (136,973) $ 36,451
(Loss) income per common share:        
Basic: $ (0.04) $ 0.01 $ (0.07) $ 0.02
Diluted: $ (0.04) $ 0.01 $ (0.07) $ 0.02
Weighted average common shares outstanding:        
Basic: 2,040,166 2,040,052 2,040,166 2,038,659
Diluted: 2,040,166 2,040,052 2,040,166 2,038,659
Oil [Member]        
Operating revenues:        
Total operating revenues $ 531,086 $ 495,231 $ 1,119,522 $ 1,065,294
Natural Gas Sales [Member]        
Operating revenues:        
Total operating revenues 94,664 206,015 197,922 371,305
Other [Member]        
Operating revenues:        
Total operating revenues $ 134 $ 13,262 $ 8,031 $ 26,920