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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating revenues:    
Total operating revenues $ 1,264,198 $ 370,456
Operating expenses:    
Production 276,987 171,666
Accretion of asset retirement obligations 7,058 7,187
Depreciation, depletion and amortization 264,320 224,105
General and administrative 308,167 248,878
Total operating expenses 856,532 651,836
Operating income (loss) 407,666 (281,380)
Other income (expense):    
Interest income 59 15
Net realized and unrealized loss on derivative contracts (7,250)
Interest expense (12,719) (11,055)
Net other expense (12,660) (18,290)
Income (loss) before provision for income taxes 395,006 (299,670)
Income tax
Net income (loss) $ 395,006 $ (299,670)
Income (loss) per common share:    
Basic: $ 0.19 $ (0.15)
Diluted: $ 0.19 $ (0.15)
Weighted average common shares outstanding:    
Basic: 2,076,756 2,040,166
Diluted: 2,119,955 2,040,166
Oil Sales [Member]    
Operating revenues:    
Total operating revenues $ 987,103 $ 282,370
Natural Gas Sales [Member]    
Operating revenues:    
Total operating revenues 268,462 81,809
Other [Member]    
Operating revenues:    
Total operating revenues $ 8,633 $ 6,277