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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:      
Net (loss) income $ (176,374) $ 329,993 $ 155,696
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred income tax (benefit) expense (31,504) (27,960) 9,906
Excess tax benefit from share based payment arrangement       25,502
Stock-based compensation 138,303 120,124 51,350
Depreciation, depletion and amortization 1,100,425 996,205 1,047,906
Accretion of asset retirement obligations 39,376 36,251 34,129
Other (4,918) (2,323) (22,526)
Changes in assets and liabilities, net of business combinations:      
(Increase) decrease in accounts receivable (117,123) 63,052 186,157
(Increase) decrease in prepaid expenses (2,499) 47,697 (47,318)
Increase in noncurrent assets (116,454)      
Decrease in income taxes payable       (25,502)
(Decrease) increase in accounts payable and accrued expenses (17,358) 10,257 (79,840)
Net cash provided by operating activities 811,874 1,573,296 1,335,460
Cash flows from investing activities:      
Additions to oil and gas properties (1,300,151) (1,642,449) (2,435,374)
Acquisition of business (1,150,000)    (478,000)
Additions to other property and equipment (13,806)    (2,359)
Proceeds from sale of oil and gas properties and equipment 69,042 471,543 3,107
Net cash used in investing activities (2,394,915) (1,170,906) (2,912,626)
Cash flows from financing activities:      
Acquisition of treasury stock (15,547) (22,780) (12,325)
Proceeds from exercise of stock options 16,313 40,000 533,625
Reduction of long-term debt (350,000) (1,200,000) (1,395,000)
Proceeds from long-term debt 1,600,000 1,100,000 2,495,000
Excess tax benefit from share based payment arrangement       (25,502)
Net cash provided by (used in) financing activities 1,250,766 (82,780) 1,595,798
Net (decrease) increase in cash and cash equivalents (332,275) 319,610 18,632
Cash and cash equivalents at beginning of period 498,681 179,071 160,439
Cash and cash equivalents at end of period 166,406 498,681 179,071
Supplemental disclosure of cash flow information:      
Cash paid for interest 49,158 27,920 35,738
Income taxes paid         
Non-cash investing and financing activities:      
Asset retirement obligations 114,003 53,468 25,043
Issuance of common stock in exchange for oil and gas properties       164,756
Fair value of assets 1,276,636    487,868
Cash paid (1,150,000)    (478,000)
Liabilities assumed $ 126,636    $ 9,868