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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating revenues:    
Oil and gas $ 623,870 $ 905,340
Other 3,251 3,754
Total operating revenues 627,121 909,094
Operating expenses:    
Production 215,850 227,902
Accretion of asset retirement obligations 9,538 9,038
Depreciation, depletion, and amortization 231,536 245,174
General and administrative 292,269 270,300
Total operating expenses 749,193 752,414
Operating (loss) profit (122,072) 156,680
Other income (expense)    
Interest income 130 1
Interest expense (10,859) (10,919)
Net other expense (10,729) (10,918)
(Loss) earnings before provision for income taxes (132,801) 145,762
Income tax (benefit) expense:    
Current    71,296
Deferred (69,584) (29,919)
TOTAL (69,584) 41,377
Net (loss) income $ (63,217) $ 104,385
(Loss) earnings per common share:    
Basic $ (0.03) $ 0.05
Diluted $ (0.03) $ 0.05
Weighted average common shares outstanding:    
Basic 2,035,949 2,029,949
Diluted 2,035,949 2,046,061