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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Mar. 31, 2011
ASSETS    
Cash and cash equivalents $ 123,513 $ 179,071
Accounts receivable:    
Oil and gas sales 437,698 384,215
Trade 21,433 42,432
Prepaid costs and expenses 90,082 64,479
Total current assets 672,726 670,197
Property and equipment, at cost    
Oil and gas properties, using the full cost method 30,086,663 30,426,817
Other 78,520 78,520
TOTAL 30,165,183 30,505,337
Less accumulated depreciation, depletion and amortization 15,472,236 15,227,063
Property and equipment, net 14,692,947 15,278,274
TOTAL 15,365,673 15,948,471
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued expenses 281,391 199,944
Long-term debt 950,000 1,800,000
Asset retirement obligations 541,667 528,911
Deferred income tax liabilities 882,744 912,663
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; 2,089,116 shares issued and 2,029,949 shares outstanding as of June 30, 2011 and March 31, 2011 1,044,558 1,044,558
Additional paid-in capital 6,551,759 6,453,226
Retained earnings 5,416,219 5,311,834
Treasury stock, at cost (59,167 shares) (302,665) (302,665)
Total stockholders' equity 12,709,871 12,506,953
TOTAL $ 15,365,673 $ 15,948,471