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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating revenues:    
Oil and gas $ 905,340 $ 832,010
Other 3,754 4,383
Total operating revenues 909,094 836,393
Operating expenses:    
Production 227,902 368,227
Accretion of asset retirement obligation 9,038 8,430
Depreciation, depletion, and amortization 245,174 251,495
General and administrative 270,300 248,139
Total operating expenses 752,414 876,291
Operating income (loss) 156,680 (39,898)
Other income (expense)    
Interest income 1 4
Interest expense (10,919) (3,339)
Net other expense (10,918) (3,335)
Income (loss) before provision for income taxes 145,762 (43,233)
Income tax expense (benefit):    
Current 71,296  
Deferred (29,919) (49,009)
TOTAL 41,377 (49,009)
Net income $ 104,385 $ 5,776
Earnings per common share:    
Basic $ 0.05 $ 0.00
Diluted $ 0.05 $ 0.00
Weighted average common shares outstanding:    
Basic 2,029,949 1,922,152
Diluted 2,046,061 1,946,847